CBRG, TBXU: 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 CBRG ETF, where 7,535,000 units were destroyed, or a 22.5% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily Biotech Top 5 Bull 2X ETF, which lost 50,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior. Among the largest underlying components of TBXU, in morning trading today Regeneron Pharmaceuticals is down about 2.3%, and Amgen is lower by about 1.4%.