XBI, JPXN: 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 SPDR S&P Biotech ETF (XBI), where 3,150,000 units were destroyed, or a 8.4% decrease week over week. Among the largest underlying components of XBI, in morning trading today Ionis Pharmaceuticals (IONS) is up about 2.9%, and Alkermes (ALKS) is higher by about 1.5%.