The First Trust Nasdaq Semiconductor ETF (FTXL) has seen a significant outflow of approximately $196 million, marking a 12.9% decrease in shares outstanding from 6,600,002 to 5,750,002 over the past week. This substantial decline in investor interest coincides with a trading uptick in major holdings, including ON Semiconductor Corp (+2.8%), NXP Semiconductors NV (+2.9%), and Skyworks Solutions Inc (+2.1%).
Currently, FTXL’s share price stands at $234.11, with a 52-week range of $95.16 to $297.36. This week’s changes highlight a notable decrease in the ETF’s market presence, which can influence the underlying stocks as units are destroyed to accommodate the outflow.
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