ETFs See Significant Inflows: A Closer Look at Recent Trends
In a comparison of outstanding units from last week, ETF Channel identified a remarkable inflow in the Direxion Daily Semiconductor Bull 3X Shares (SOXL), which gained 22,350,000 units, marking a 7.1% rise from the previous week. This surge points to investor interest in high-performing tech stocks. Notably, during morning trading, key components of SOXL such as Advanced Micro Devices climbed approximately 2.2%, while Analog Devices saw a modest increase of about 0.4%.
On a percentage basis, the ETF experiencing the largest growth in inflows was the ProShares Short MidCap400. This fund added 100,000 units, translating to an impressive 37.2% increase in outstanding units.
VIDEO: SOXL, MYY: Big ETF Inflows
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