Significant Outflow Detected in Direxion Daily TSLA Bull ETF
Today, we observed notable changes in shares outstanding among ETFs. The Direxion Daily TSLA Bull 1.5X Shares (Symbol: TSLL) reported an outflow of approximately $142.1 million, marking a 2.8% decrease week-over-week. Shares outstanding decreased from 504,475,001 to 490,600,001.
The chart below illustrates TSLL’s one-year price performance compared to its 200-day moving average:
In examining the performance chart, TSLL’s 52-week low stands at $6.29, while the 52-week high reaches $41.50. The most recent trading price is $10.37. Analyzing the current share price against the 200-day moving average can enhance technical assessments.
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Exchange-traded funds (ETFs) function similarly to stocks. However, rather than “shares,” investors trade “units”. These units can be bought and sold like stocks, but they can also be created or destroyed based on investor demand. We regularly track weekly changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units requires purchasing the ETF’s underlying assets, while the destruction of units necessitates selling these assets. Such movements can influence the individual components held within the ETFs.
Find out which 9 other ETFs experienced notable outflows
Additional Information:
- ALV Options Chain
- PSB Options Chain
- Funds Holding PRY
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
