LABD, FLTB: Big ETF Outflows
July 30, 2020 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, where 2,800,000 units were destroyed, or a 10.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the FLTB ETF, which lost 1,450,000 of its units, representing a 31.5% decline in outstanding units compared to the week prior.