SCMB, TTXD: 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 Schwab Municipal Bond ETF, where 14,200,000 units were destroyed, or a 8.5% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily Technology Top 5 Bear 2X ETF, which lost 50,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

VIDEO: SCMB, TTXD: Big ETF Outflows