LABD, NOCT: 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 Direxion Daily S&P Biotech Bear 3X Shares, where 3,550,000 units were destroyed, or a 23.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the NOCT ETF, which lost 840,000 of its units, representing a 25.1% decline in outstanding units compared to the week prior.