Significant ETF Outflows: A Closer Look at Market Movements

Direxion Daily 20+ Year Treasury Bull 3X Shares Faces Major Unit Reductions

In the latest analysis from ETF Channel, the Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) experienced the largest outflow among ETFs, with a reduction of 4,950,000 units, marking a 3.5% drop from the previous week. This decline comes as the Ishares 20+ Year Treasury Bond ETF saw a slight decrease of approximately 0.5% in morning trading.

GTIP ETF Suffers the Greatest Percentage Loss

On a percentage basis, the GTIP ETF faced an even steeper loss, shedding 1,100,000 units, which equates to a staggering 39.3% decline in outstanding units compared to the week before. This sharp contraction stands out in the current ETF landscape.

VIDEO: TMF, GTIP: Big ETF Outflows

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.