ETFs Face Outflows: Spotlight on SOXL, KLAC, MPWR, and MCHP

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Direxion Daily Semiconductors Bull 3x Shares (SOXL) experienced a significant outflow of approximately $517.6 million, translating to a 3.4% decrease in shares outstanding from 329,750,060 to 318,700,060. This change was observed in the week ending today.

Key underlying components of SOXL also saw declines, with KLA Corp (KLAC) down 1.2%, Monolithic Power Systems Inc (MPWR) down 0.1%, and Microchip Technology Inc (MCHP) down 1.2%. SOXL’s current trading price is $46.47, positioned between its 52-week low of $7.225 and high of $47.16.

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