HomeMost Popular"Investor Notice: ETF Outflows for SOXL, ADI, ARM, ASX"

“Investor Notice: ETF Outflows for SOXL, ADI, ARM, ASX”

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Direxion Semiconductor ETF Sees Significant Outflow

Weekly Changes Show $168.4 Million Exited the Market

Looking at recent trends in the world of exchange-traded funds (ETFs), the Direxion Daily Semiconductor Bull 3X Shares (Symbol: SOXL) stands out due to a notable change in shares outstanding. Approximately $168.4 million has flowed out of this ETF, leading to a 1.5% decrease in shares, dropping from 327,700,060 to 322,700,060. Key components of SOXL showed varying performances today: Analog Devices Inc (Symbol: ADI) rose by 1.7%, Arm Holdings plc (Symbol: ARM) surged by 14.9%, and ASE Technology Holding Co Ltd (Symbol: ASX) increased by 1.8%. For a complete list of current holdings, visit the SOXL Holdings page »

The chart below illustrates SOXL’s one-year price performance against its 200-day moving average:

Direxion Daily Semiconductor Bull 3X Shares 200 Day Moving Average Chart

SOXL’s price has fluctuated significantly over the past year, with a notable low point of $23.50 and a high of $70.08. The ETF currently trades at $35.41. By comparing the most recent share price to the 200-day moving average, investors can gain insights into market trends – learn more about the 200-day moving average » .

Exchange-traded funds operate similarly to stocks. However, investors deal in “units” rather than “shares.” These units can be bought and sold like stock shares, but they can also be created or destroyed based on investor demand. Each week, we track the week-over-week changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). When new units are created, the corresponding underlying assets must be purchased; conversely, destroying units means selling off underlying assets. Thus, substantial flows can influence the individual components within these ETFs.

nslideshow Click here to find out which 9 other ETFs experienced notable outflows »

Also see:

• UHT shares outstanding history
• Williams Cos Technical Analysis
• PII Stock Predictions

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

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