SH, AMZD: Big ETF Outflows
May 13, 2024 at 10:49 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 Short S&P500, where 6,300,000 units were destroyed, or a 7.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the AMZD ETF, which lost 150,000 of its units, representing a 35.3% decline in outstanding units compared to the week prior.