SOXL, SQEW: Big ETF Outflows
ETF Channel Staff - Friday, October 10, 10:51 AMLooking 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 29,100,000 units were destroyed, or a 8.2% decrease week over week. Among the largest underlying components of SOXL, in morning trading today Advanced Micro Devices is off about 1.8%, and Broadcom is higher by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the LeaderShares Equity Skew ETF, which lost 275,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of SQEW, in morning trading today SPDR Series Trust SPDR Portfolio S&P 500 Growth ETF is up about 0.5%, and Vanguard Ftse Emerging Markets ETF is relatively unchanged.
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