SPXS, PRMN: 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, where 5,450,000 units were destroyed, or a 8.7% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PRMN ETF, which lost 25,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.