News Column

EZU, SVXY: Big ETF Outflows

June 24, 2014

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares MSCI EMU ETF (EZU), where 4,000,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of EZU, in morning trading today Banco Santander (SAN) is higher by about 0.6%.

And on a percentage change basis, the ETF with the biggest outflow was the Proshares Short VIX Short-Term Futures ETF (SVXY), which lost 650,000 of its units, representing a 22.4% decline in outstanding units compared to the week prior.

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