TSLL, KMLI: 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 TSLA Bull 2X ETF, where 18,875,000 units were destroyed, or a 4.8% decrease week over week. Among the largest underlying components of TSLL, in morning trading today Tesla is up about 2.9%.

And on a percentage change basis, the ETF with the biggest outflow was the KraneShares 2x Long MELI Daily ETF, which lost 350,000 of its units, representing a 38.9% decline in outstanding units compared to the week prior.

VIDEO: TSLL, KMLI: Big ETF Outflows