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The Invesco S&P 500 Momentum ETF (SPMO) experienced the largest outflow among ETFs, with a decrease of 29,550,000 units, equating to a 21.3% decline from the previous week. In morning trading, Broadcom (AVGO) shares rose by 2.3%, and Nvidia (NVDA) gained 1.6%.
On a percentage basis, the Direxion Daily AVGO Bear 1X Shares (AVS) saw the most significant outflow, shedding 700,000 units, which represents a 32.6% decline in outstanding units week-over-week.
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