SH, MPAY: Big ETF Outflows
February 12, 2024 at 11:02 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 Short S&P500 (SH), where 11,300,000 units were destroyed, or a 11.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the MPAY ETF (MPAY), which lost 30,000 of its units, representing a 30.0% decline in outstanding units compared to the week prior.