UVXY, BUG: Big ETF Outflows
May 14, 2021 at 10:47 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 Ultra VIX Short-Term Futures ETF, where 16,350,000 units were destroyed, or a 7.1% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the BUG ETF, which lost 4,650,000 of its units, representing a 25.7% decline in outstanding units compared to the week prior.