UUP, GDXX: Big ETF Outflows
November 19, 2015 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 PowerShares DB US Dollar Index Bullish Fund (UUP), where 7,599,960 units were destroyed, or a 14.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Gold Miners (GDXX), which lost 50,001 of its units, representing a 33.3% decline in outstanding units compared to the week prior.