TQQQ, KFYP: Big ETF Outflows
February 02, 2023 at 10:56 AM EST
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 18,450,000 units were destroyed, or a 3.4% decrease week over week. Among the largest underlying components of TQQQ, in morning trading today Apple is up about 2.4%, and Microsoft is up by about 2.5%.