SPXS, MYY: Big ETF Outflows
September 23, 2024 at 10:51 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 Direxion Daily S&P 500 Bear 3X Shares, where 3,750,000 units were destroyed, or a 5.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares Short MidCap400, which lost 175,000 of its units, representing a 39.4% decline in outstanding units compared to the week prior.