SPXU, ALFA: Big ETF Outflows
September 08, 2020 at 11:19 AM 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 ProShares UltraPro Short S&P500, where 7,150,000 units were destroyed, or a 5.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ALFA ETF, which lost 250,000 of its units, representing a 38.5% decline in outstanding units compared to the week prior.