UCO, ACIM: Big ETF Outflows
Energy Stock Channel - Tuesday, April 21, 10:48 AM
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 Ultra Bloomberg Crude Oil (UCO), where 15,300,000 units were destroyed, or a 11.5% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the SPDR MSCI ACWI IMI ETF (ACIM), which lost 300,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of ACIM, in morning trading today Apple (AAPL) is down about 0.3%, and Exxon Mobil (XOM) is up by about 0.2%.