Significant ETF Withdrawals in SOXL and METD

Avatar photo

The Direxion Daily Semiconductors Bull 3x Shares (SOXL) experienced the largest outflow among ETFs, with 17.6 million units destroyed, marking a 3.5% decrease week over week. In morning trading, Advanced Micro Devices rose by 6.1%, while Nvidia declined by 0.7%.

Additionally, the Direxion Daily META Bear 1X Shares saw a significant percentage outflow, losing 475,000 units, which represents a 38.0% decline in outstanding units compared to the previous week.

5 Stocks Our Experts Predict Could Double In the Next Year

By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.

The free Daily Market Overview 250k traders and investors are reading

Read Now