Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the UNG ETF, where 3,500,000 units were destroyed, or a 6.7% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Telecommunications, which lost 30,000 of its units, representing a 30.0% decline in outstanding units compared to the week prior. Among the largest underlying components of LTL, in morning trading today Meta Platforms is up about 0.3%, and Alphabet is up by about 1.9%.
VIDEO: UNG, LTL: Big ETF Outflows
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