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The Direxion Daily S&P 500 Bull 3X ETF (SPXL) experienced a significant outflow of approximately $323.1 million, marking a 5.3% decrease in shares outstanding week-over-week, from 27,350,001 to 25,900,001. This change was observed on the trading date reporting a last share price of $220.95, with a 52-week range between a low of $87.08 and a high of $232.19.
Key underlying components contributing to SPXL’s performance today include Stryker Corp (SYK), up 0.4%, Deere & Co. (DE), up 0.2%, and Medtronic PLC (MDT), up 2.4%. The ETF’s trading dynamics indicate that such large outflows could influence the individual components held within SPXL, as the creation or destruction of units affects the underlying holdings.
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