Significant ETF Outflows Reported: TQQQ and XBAP Lead Declines

Examining unit changes over the past week for ETFs tracked by ETF Channel, the ProShares UltraPro QQQ (TQQQ) saw the largest outflow. A total of 34,400,000 units were removed, marking an 8.3% decrease from the previous week. In the current trading session, Apple shares declined by approximately 3.6%, while Microsoft experienced a rise of about 2.7%.

On a percentage basis, the ETF with the most significant outflow was the XBAP ETF, which shed 3,700,000 units. This represents a drastic 35.2% decline in outstanding units compared to the week prior.

VIDEO: TQQQ, XBAP: Big ETF Outflows

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