LABD, BKF: Big ETF Outflows
May 12, 2017 at 10:48 AM EDT
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 Biotech Bear 3X Shares (LABD), where 2,250,000 units were destroyed, or a 20.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI BRIC ETF (BKF), which lost 2,100,000 of its units, representing a 25.3% decline in outstanding units compared to the week prior.