ETFs Experience Significant Outflows This Week

In a recent analysis of exchange-traded funds (ETFs) conducted by ETF Channel, notable outflows were observed across various funds compared to the previous week. The Fidelity High Dividend ETF (FDVV) led in terms of unit reductions, with a significant decline of 19,900,000 units, marking a 17.3% decrease week-over-week. This decrease comes amid turbulent markets, highlighted by morning trading activity, where major holdings like Apple fell approximately 1.8% and Nvidia declined by about 0.5%.

Direxion Daily AAPL Bull 2X Shares Also Sees Decline

On a percentage basis, the Direxion Daily AAPL Bull 2X Shares (AAPU) reported the largest unit outflow. It lost 900,000 of its total units, equating to a substantial 29.8% drop compared to the previous week. The downward trend was mirrored in morning trading, with Apple shares also down around 1.8% among the fund’s primary assets.

VIDEO: FDVV, AAPU: Big ETF Outflows

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