SOXL, SBB: Big ETF Outflows

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 Semiconductor Bull 3X Shares, where 7,800,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of SOXL, in morning trading today Advanced Micro Devices is off about 2.1%, and Analog Devices is lower by about 1.4%.