LABD, LLSC: Big ETF Outflows
October 24, 2017 at 10:52 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 3,250,000 units were destroyed, or a 11.8% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily Small Cap Bull 1.25X Shares (LLSC), which lost 50,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.