Unveiling the ETF Exodus: TECL, AKAM, APH, ANSS
When delving into changes in shares outstanding among ETFs, one particular entity stands out: the Direxion Daily Technology Bull 3X Shares (TECL). This behemoth has witnessed a staggering $176.0 million exit, translating to a 5.2% decline from 43,650,000 to 41,400,000. Peering into the core components of TECL, Akamai Technologies Inc (AKAM) stumbles down by 0.7%, while Amphenol Corp. (APH) and Ansys Inc. (ANSS) sway with moves of 0.2% and 0.6%, respectively. Curious about all holdings? Take a peek at the TECL Holdings page.
TECL in the Trenches
Navigating the tumultuous waters of the market, TECL’s price performance over a year versus its 200-day moving average unveils a riveting narrative. Yo-yoing between a 52-week low of $26.27 and a high of $82.49, the ETF currently dances at a last trade of $78.03. Contrasting the latest share price against the 200-day moving average also offers a peek into intricate technical analysis — a tool worth exploring further.
The ETF Extravaganza
ETFs, akin to stocks yet shrouded in enigma, allow investors to grasp ”units” instead of conventional shares. These ”units” are tradable commodities that can be conveniently bought or sold, with the flexibility of creating or annihilating them based on investor appetite. Our weekly dive into changes in shares outstanding data helps pinpoint ETFs experiencing remarkable inflows (new units sprouting) or outflows (older units vanishing). The birth of new units mandates the purchase of underlying holdings in the ETF, while their demise involves shedding these assets. Ergo, substantial flows inevitably reverberate within the individual components nestled in ETFs.
Fascinated by noteworthy outflows from 9 other ETFs? Click here to unravel the mystery.
