Significant outflows in SOXL and DUG ETFs; market impact likely negative

From Nasdaq: 2024-07-16 10:47:29

ETF Channel reported a significant outflow in the Direxion Daily Semiconductor Bull 3X Shares, with 9,800,000 units destroyed, a 4.9% decrease from the prior week. Advanced Micro Devices saw a 2.3% drop, while Analog Devices rose by 0.3%.

Meanwhile, the ProShares UltraShort Oil & Gas ETF experienced the largest percentage decline, losing 600,000 units or a 30.7% decrease compared to the previous week.

Read more at Nasdaq: SOXL, DUG: Big ETF Outflows