FXI, 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 China Large-Cap ETF, where 34,350,000 units were destroyed, or a 11.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily S&P Biotech Bear 3X Shares, which lost 5,900,000 of its units, representing a 36.1% decline in outstanding units compared to the week prior.