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 SEMICONDUCTOR BULL 3X SHARES, where 10,850,000 units were destroyed, or a 4.0% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Telecommunications, which lost 10,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of LTL, in morning trading today Meta Platforms is off about 0.3%, and Alphabet is lower by about 0.1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
