SCPB, UPW: Big ETF Outflows

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 SPDR Barclays Short Term Corporate Bond ETF (SCPB), which shed 13,000,000 shares, or a 12.2% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Utilities (UPW), which lost 75,000 of its shares, for a whopping 33.3% decline in outstanding shares.