Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares Short QQQ, where 17,800,000 units were destroyed, or a 21.2% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraPro Russell2000, which lost 3,050,000 of its units, representing a 28.0% decline in outstanding units compared to the week prior. Among the largest underlying components of URTY, in morning trading today Super Micro Computer is up about 2.8%, and Light & Wonder is higher by about 0.3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
