TBF, SMN: Big ETF Outflows
May 26, 2021 at 11:39 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 ProShares Short 20+ Year Treasury, where 4,450,000 units were destroyed, or a 11.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Basic Materials, which lost 85,180 of its units, representing a 38.7% decline in outstanding units compared to the week prior.