NVDL, DIPR: Big ETF Outflows

ETF Channel data shows the GraniteShares 2x Long NVDA Daily ETF had its largest week-over-week outflow: 63,690,000 units were destroyed, a 32.2% decline versus one week prior. The move suggests reduced positioning in leveraged NVDA exposure, which is mildly negative for near-term sentiment around that trade.

Analysis

ETF Channel data shows the GraniteShares 2x Long NVDA Daily ETF had its largest week-over-week outflow: 63,690,000 units were destroyed, a 32.2% decline versus one week prior. The move suggests reduced positioning in leveraged NVDA exposure, which is mildly negative for near-term sentiment around that trade.