Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Financial Select Sector SPDR Fund (NYSE:XLF), where 27,000,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway (NYSE:BRK.B) is up about 0.7%, and JP Morgan Chase (NYSE:JPM) is higher by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily S&P Biotech Bear 3X Shares (NYSE:LABD), which lost 950,000 of its units, representing a 24.8% decline in outstanding units compared to the week prior.
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