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 7,400,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is down about 2.7%, and Nvidia is lower by about 3.4%.
And on a percentage change basis, the ETF with the biggest outflow was the NYLI U.S. Large Cap R&D Leaders ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of LRND, in morning trading today Alphabet is down about 1.3%, and AMAZON.COM is lower by about 0.6%.
VIDEO: TQQQ, LRND: Big ETF Outflows
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