UVXY, SOVB: Big ETF Outflows
March 08, 2021 at 10:55 AM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares ProShares Ultra VIX Short-Term Futures ETF, where 41,350,000 units were destroyed, or a 15.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the SOVB ETF, which lost 200,000 of its units, representing a 26.7% decline in outstanding units compared to the week prior.