<div id="readability-page-1"><div><p>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 Small Cap Bear 3X Shares, where 8,200,000 units were destroyed, or a 13.5% decrease week over week.</p><p>And on a percentage change basis, the ETF with the biggest outflow was the AAPX ETF, which lost 140,000 of its units, representing a 38.9% decline in outstanding units compared to the week prior.  </p><p><img height="30" src="https://imageproxy.pbkrs.com/http://www.marketnewsvideo.com/previews/202605/20260521etfflowsTZAAsm.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="40" original-src="https://imageproxy.pbkrs.com/http://www.marketnewsvideo.com/previews/202605/20260521etfflowsTZAAsm.jpg"/><b>VIDEO: TZA, AAPX: Big ETF Outflows</b></p> <p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p> </div></div>

<p>The Direxion Daily Small Cap Bear 3X Shares experienced the largest outflow with 8.2 million units, a 13.5% decrease week-over-week. The AAPX ETF saw a 38.9% decline, losing 140,000 units compared to the previous week.</p>