UVXY, ALFA: Big ETF Outflows
December 08, 2021 at 10:53 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 ProShares Ultra VIX Short-Term Futures ETF, where 18,100,000 units were destroyed, or a 32.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ALFA ETF, which lost 150,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.