ETFs Experience Notable Outflows This Week
This past week, the ETF Channel reported a substantial outflow of units across various ETFs. The ProShares UltraPro QQQ took the lead with a decrease of 9,100,000 units, marking a 2.9% decline from the previous week. In today’s morning trading, some major components of TQQQ, such as Nvidia and Apple, showed modest gains; Nvidia climbed approximately 1.9%, while Apple saw an increase of about 0.3%.
On a percentage basis, the ProShares UltraShort Basic Materials ETF experienced the most significant outflow, losing 25,000 units. This loss equates to a 31.2% drop in outstanding units compared to the prior week.
VIDEO: TQQQ, SMN: Big ETF Outflows
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