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Andy Constan, founder and strategist at Damped Spring Macro, highlights recent trading activity in leveraged semiconductor exchange-traded funds (ETFs). On Friday, these ETFs, including SOXS and SOXL, recorded $20 billion in sales at market close, followed by $7 billion in buying after the event.
Constan has previously questioned risk metrics after noting investor challenges in long BTC and MSTR positions during a sharp downturn in Bitcoin and MicroStrategy trades. He also tracked debates about Goog’s ongoing share issuance to employees. Constan's recent comments follow these earlier observations of unusual trading activities.