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 500 Bear 3X Shares, where 5,450,000 units were destroyed, or a 8.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the PRMN ETF, which lost 25,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
VIDEO: SPXS, PRMN: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
