SQQQ, DECT: Big ETF Outflows
June 04, 2024 at 11:42 AM EDT
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 Short QQQ, where 29,200,000 units were destroyed, or a 9.6% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the DECT ETF, which lost 350,000 of its units, representing a 28.6% decline in outstanding units compared to the week prior.