SH, PSCE: Big ETF Outflows

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, where 6,350,000 units were destroyed, or a 7.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco S&P SmallCap Energy ETF, which lost 1,220,000 of its units, representing a 38.7% decline in outstanding units compared to the week prior.