BBJP, UCYB: Big ETF Outflows
November 02, 2021 at 12:23 PM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the BBJP ETF, where 21,400,000 units were destroyed, or a 13.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares ProShares Ultra Nasdaq Cybersecurity, which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.