Significant ETF Outflows: Fidelity and Direxion Lead the Decline

Looking at ETF performance, significant outflows have emerged this week. The Fidelity Enhanced Small Cap ETF (FESM) experienced the largest reduction, with 9,200,000 units eliminated. This marks a notable 13.1% decrease compared to the previous week. During today’s trading session, major holdings within FESM have seen mixed activity. Specifically, Sprouts Farmers Market is up approximately 1.6%, while Option Care Health has gained about 0.5%.

On a percentage basis, the Direxion Daily TSM Bear 1X Shares (TSMZ) faced the steepest losses. This ETF lost 75,000 units, which equates to a substantial 37.5% drop from the prior week. Such declines in unit counts can indicate shifts in investor sentiment and market dynamics, prompting attention from market analysts.

VIDEO: FESM, TSMZ: Big ETF Outflows

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