SDS, PSCE: Big ETF Outflows Monday, December 24, 12:42 PM ET
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Proshares UltraShort S&P500 (AMEX:SDS), which shed 2,250,000 shares, or a 7.2% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the S&P SmallCap Energy Portfolio (NASDAQ:PSCE), which lost 250,000 of its shares, for a whopping 21.7% decline in outstanding shares. Among the largest underlying components of PSCE, in morning trading today Gulfport Energy Corporation (NASDAQ:GPOR) is off about 0.2%, and Bristow Group Incorporated (NYSE:BRS) is lower by about 0.1%.
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