Home Market News The Erosion Continues: ETFs SOXS and CVRT Experience Significant Outflows

The Erosion Continues: ETFs SOXS and CVRT Experience Significant Outflows

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The Erosion Continues: ETFs SOXS and CVRT Experience Significant Outflows

SOXS ETF: A Dwindling Force

Within the realm of ETFs scrutinized by ETF Channel, a stark trend emerges as the Direxion Daily Semiconductor Bear 3X Shares (SOXS) faces a significant setback. A staggering 78,850,000 units of SOXS were eradicated, marking a poignant 26.6% reduction over the span of a week.

CVRT ETF: Units on a Vanishing Act

Shifting tides have not spared the CVRT ETF, which witnessed a substantial decline, shedding 200,000 units. This drop translates to a substantial 28.6% decrease in its outstanding units compared to the previous week, painting a grim picture for its investors.

SOXS, CVRT: Big ETF OutflowsVIDEO: SOXS, CVRT: Big ETF Outflows

The perspectives articulated here are the musings of the author and may not necessarily align with the stances of Nasdaq, Inc.