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SH, DWPP: Big ETF Outflows
Wednesday, October 5, 10:59 AM ET

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 Short S&P500 (NYSE:SH), where 15,475,000 units were destroyed, or a 6.6% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Dorsey Wright People's Portfolio ETF (NASDAQ:DWPP), which lost 100,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of DWPP, in morning trading today Apple (NASDAQ:AAPL) is off about 1.8%, and Microsoft Corporation (NASDAQ:MSFT) is lower by about 1.7%.

For MarketNewsVideo.com, I'm Sayoko Murase.

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