ETF Channel data shows the largest unit outflow in its covered ETF universe was from the GraniteShares 2x Long NOW Daily ETF, with 11,960,000 units destroyed (down 22.9% week over week). This points to reduced demand/positioning in this leveraged product over the past week. Overall impact is likely limited to this specific ETF sleeve rather than a broad market move.
ETF Channel data shows the largest unit outflow in its covered ETF universe was from the GraniteShares 2x Long NOW Daily ETF, with 11,960,000 units destroyed (down 22.9% week over week). This points to reduced demand/positioning in this leveraged product over the past week. Overall impact is likely limited to this specific ETF sleeve rather than a broad market move.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
