SPXS, LABD: 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 Daily S&P 500 Bear 3X Shares, where 6,250,000 units were destroyed, or a 4.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bear 3X Shares, which lost 600,000 of its units, representing a 34.0% decline in outstanding units compared to the week prior.
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