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 Short QQQ (AMEX:PSQ), where 5,925,000 units were destroyed, or a 28.6% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bull 3x Shares (AMEX:GASL), which lost 99,999 of its units, representing a 22.2% decline in outstanding units compared to the week prior. Among the largest underlying components of GASL, in morning trading today Anadarko Petroleum (NYSE:APC) is off about 0.3%, and Apache Corporation (NYSE:APA) is lower by about 0.4%.
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