SPXS, PBUS: Big ETF Outflows
December 14, 2020 at 10:49 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 Daily S&P 500 Bear 3X Shares, where 2,700,000 units were destroyed, or a 1.9% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Invesco PureBeta MSCI USA ETF, which lost 100,000 of its units, representing a 18.2% decline in outstanding units compared to the week prior.