TQQQ, KSET: Big ETF Outflows

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 UltraPro QQQ, where 18,500,000 units were destroyed, or a 4.1% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is up about 0.5%, and Microsoft is up by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the KSET ETF, which lost 200,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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