SPXS, CLNR: 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 (SPXS), where 6,250,000 units were destroyed, or a 9.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the CLNR ETF (CLNR), which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.