Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Broad USD High Yield Corporate Bond ETF, where 15,500,000 units were destroyed, or a 2.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily S&P Biotech Bear 3x Shares, which lost 3,750,000 of its units, representing a 37.8% decline in outstanding units compared to the week prior.
VIDEO: USHY, LABD: Big ETF Outflows
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