SOXL, INTC, TER, ON: Large Outflows Detected at ETF

nasdaq
2026.06.08 15:01
portai
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Direxion Daily Semiconductors Bull 3x Shares (SOXL) experienced a significant $1.1 billion outflow, representing a 5.3% week-over-week decrease in shares outstanding. Despite this large-scale redemption activity within the ETF, its major underlying holdings performed positively: Intel Corp (INTC) rose approximately 10.5%, Teradyne Inc (TER) gained 4.3%, and ON Semiconductor Corp (ON) increased by 3.1%. The report highlights how such substantial ETF unit destruction can impact individual component stocks.