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 (NASDAQ:SQQQ), where 1,650,000 units were destroyed, or a 3.9% decrease week over week.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares DWA Utilities Momentum Portfolio (NASDAQ:PUI), which lost 1,150,000 of its units, representing a 20.5% decline in outstanding units compared to the week prior. Among the largest underlying components of PUI, in morning trading today PG&E Corporation (NYSE:PCG) is up about 1%, and Duke Energy Corporation (NYSE:DUK) is up by about 0.8%.
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