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 Semiconductors Bear 3x Shares, where 9,600,000 units were destroyed, or a 22.1% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Defiance Daily Target 1.5X Short MSTR ETF, which lost 5,575,000 of its units, representing a 37.7% decline in outstanding units compared to the week prior. Among the largest underlying components of SMST, in morning trading today Microstrategy is up about 0.6%.
VIDEO: SOXS, SMST: Big ETF Outflows
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