SOXL, BMED: 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 29,250,000 units were destroyed, or a 7.7% decrease week over week. Among the largest underlying components of SOXL, in morning trading today Advanced Micro Devices is down about 0.9%, and Analog Devices is up by about 0.4%.