LABD, USLB: Big ETF Outflows
July 06, 2017 at 11:06 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 5,500,000 units were destroyed, or a 25.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Russell 1000 Low Beta Equal Weight Portfolio (USLB), which lost 1,400,000 of its units, representing a 20.7% decline in outstanding units compared to the week prior.