Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco S&P 500 Momentum ETF (SPMO), where 29,550,000 units were destroyed, or a 21.3% decrease week over week. Among the largest underlying components of SPMO, in morning trading today Broadcom (AVGO) is up about 2.3%, and Nvidia (NVDA) is up by about 1.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily AVGO Bear 1X Shares (AVS), which lost 700,000 of its units, representing a 32.6% decline in outstanding units compared to the week prior.
VIDEO: SPMO, AVS: Big ETF Outflows
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