Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Direxion Daily Semiconductors Bull 3x Shares, where 10,750,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of SOXL, in morning trading today Nvidia is up about 0.6%, and Advanced Micro Devices is higher by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Bushido Capital US SMID Cap Equity ETF, which lost 2,500,000 of its units, representing a 35.2% decline in outstanding units compared to the week prior. Among the largest underlying components of RNIN, in morning trading today Cormedix is off about 2.5%, and Gulfport Energy Corporation is lower by about 6.2%.
VIDEO: SOXL, RNIN: Big ETF Outflows
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