Significant ETF Outflows Highlight Market Shifts This Week

Analyzing the recent changes in outstanding units of ETFs covered at ETF Channel, the most substantial outflow occurred in the Direxion Daily Semiconductors Bull 3x Shares (SOXL). This ETF experienced a loss of 59,200,000 units, marking an 8.2% decrease compared to the previous week. In morning trading today, key components such as Broadcom were up approximately 0.1%, while Nvidia saw a slight dip of about 0.2%.

Furthermore, on a percentage basis, the ETF experiencing the largest outflow was the Direxion Daily AMZN Bear 1X Shares, which lost 200,000 units. This decline represented a significant 38.1% reduction in outstanding units relative to the prior week.

VIDEO: SOXL, AMZN: Big ETF Outflows

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