SH, SMDD: Big ETF Outflows

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 (SH), where 5,700,000 units were destroyed, or a 7.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares UltraPro Short MidCap400 (SMDD), which lost 50,314 of its units, representing a 29.8% decline in outstanding units compared to the week prior.
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