SQQQ, PSMD: Big ETF Outflows
July 30, 2021 at 10:54 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 ProShares UltraPro Short QQQ, where 12,550,000 units were destroyed, or a 6.0% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the PSMD ETF, which lost 75,000 of its units, representing a 30.0% decline in outstanding units compared to the week prior.