ULTY, METD: 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 YieldMax Ultra Option Income Strategy ETF, where 50,425,000 units were destroyed, or a 10.4% decrease week over week. Among the largest underlying components of ULTY, in morning trading today Coinbase Global is off about 0.9%, and Robinhood Markets is lower by about 0.2%.

And on a percentage change basis, the ETF with the biggest outflow was the Direxion Daily META Bear 1X Shares, which lost 200,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

VIDEO: ULTY, METD: Big ETF Outflows