SQQQ, IJUL: Big ETF Outflows
June 28, 2024 at 14:12 PM 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 14,550,000 units were destroyed, or a 4.2% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the IJUL ETF, which lost 2,600,000 of its units, representing a 34.4% decline in outstanding units compared to the week prior.
