TQQQ, UGE: Big ETF Outflows
June 02, 2016 at 10:51 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 QQQ (TQQQ), where 1,400,000 units were destroyed, or a 11.5% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple (AAPL) is off about 1.1%, and Microsoft Corporation (MSFT) is lower by about 1.3%.