ETFs Face Significant Outflows: A Deep Dive Into Recent Market Trends
Direxion Daily Semiconductor ETF Sees Major Unit Reduction
According to recent data from ETF Channel, the Direxion Daily Semiconductor Bull 3X Shares (SOXL) experienced the largest outflow among ETFs, with 22,450,000 units withdrawn. This represents a decrease of 6.5% compared to the previous week. Notably, key components of SOXL such as Advanced Micro Devices (AMD) have dropped approximately 5%, while Analog Devices (ADI) saw a smaller decline of about 1.1% in morning trading.
FEOE ETF Records Significant Percentage Loss
In terms of percentage change, the biggest drop was registered by the FEOE ETF (FEOE), which lost 20,000 units. This decline translates to an alarming 40.0% decrease in its outstanding units compared to the week prior.
VIDEO: SOXL, FEOE: Big ETF Outflows
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