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 TSLA Bull 1.5X Shares (TSLL), where 61,100,000 units were destroyed, or a 13.5% decrease week over week. Among the largest underlying components of TSLL, in morning trading today Tesla (TSLA) is off about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily Junior Gold Miners Index Bear 2x Shares (JDST), which lost 6,900,000 of its units, representing a 39.1% decline in outstanding units compared to the week prior.
VIDEO: TSLL, JDST: Big ETF Outflows