TQQQ, INMU: Big ETF Outflows
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 45,750,000 units were destroyed, or a 7.9% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Microsoft is off about 3.3%, and Apple is lower by about 1.9%.
And on a percentage change basis, the ETF with the biggest outflow was the INMU ETF, which lost 600,000 of its units, representing a 31.6% decline in outstanding units compared to the week prior.
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