December 27, 2013 at 12:04 PM EST
IAU, ULE: 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 iShares Gold Trust (IAU), where 8.6 million units were destroyed, or a 1.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Proshares Ultra Euro (ULE), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
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