UVXY, TFIV: Big ETF Outflows
February 01, 2021 at 10:48 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 21,700,000 units were destroyed, or a 12.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the TFIV ETF, which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.