IEF, LABD: 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 iShares 7-10 Year Treasury Bond ETF, where 3,000,000 units were destroyed, or a 2.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bear 3X Shares, which lost 1,100,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior.