Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Capital Group Core Equity ETF, where 22,500,000 units were destroyed, or a 17.8% decrease week over week. Among the largest underlying components of CGUS, in morning trading today Microsoft is up about 1.1%, and Meta Platforms is lower by about 0.8%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily Semiconductors Bear 3x Shares, which lost 16,850,000 of its units, representing a 39.1% decline in outstanding units compared to the week prior.
VIDEO: CGUS, SOXS: Big ETF Outflows
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