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 9,100,000 units were destroyed, or a 2.9% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Nvidia is up about 1.9%, and Apple is up by about 0.3%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Basic Materials, which lost 25,000 of its units, representing a 31.2% decline in outstanding units compared to the week prior.
VIDEO: TQQQ, SMN: Big ETF Outflows
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