SPXS, RRH: Big ETF Outflows
June 07, 2023 at 11:02 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 DIREXION DAILY STANDARD AND POORS 500 BEAR 3X, where 14,500,000 units were destroyed, or a 19.3% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the RRH ETF, which lost 460,000 of its units, representing a 39.1% decline in outstanding units compared to the week prior.
