Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Direxion Daily Small Cap Bull 3X Shares, where 9,950,000 units were destroyed, or a 16.9% decrease week over week. Among the largest underlying components of TNA, in morning trading today Ishares Russell 2000 ETF is off about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Bloomberg Natural Gas, which lost 1,700,000 of its units, representing a 37.9% decline in outstanding units compared to the week prior.
VIDEO: TNA, KOLD: Big ETF Outflows
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