SPXS, EFU: 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 500 Bear 3X Shares, where 6,100,000 units were destroyed, or a 9.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort MSCI EAFE, which lost 50,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior.