SPXS, IZRL: Big ETF Outflows
September 10, 2020 at 11:05 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 500 Bear 3X Shares, where 8,150,000 units were destroyed, or a 5.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the IZRL ETF, which lost 700,000 of its units, representing a 35.0% decline in outstanding units compared to the week prior.