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 34,400,000 units were destroyed, or a 8.3% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is off about 3.6%, and Microsoft is higher by about 2.7%.
And on a percentage change basis, the ETF with the biggest outflow was the XBAP ETF, which lost 3,700,000 of its units, representing a 35.2% decline in outstanding units compared to the week prior.
VIDEO: TQQQ, XBAP: Big ETF Outflows