SDS, FKO: 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 UltraShort S&P500 (SDS), where 3,100,000 units were destroyed, or a 2.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the First Trust South Korea AlphaDEX Fund (FKO), which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.