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 Semiconductors Bull 3x Shares, where 42,300,000 units were destroyed, or a 8.8% decrease week over week. Among the largest underlying components of SOXL, in morning trading today Advanced Micro Devices is down about 0.5%, and Nvidia is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily META Bear 1X Shares, which lost 275,000 of its units, representing a 35.5% decline in outstanding units compared to the week prior.
VIDEO: SOXL, METD: Big ETF Outflows