Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ (NASDAQ:QQQ), where 7,350,000 units were destroyed, or a 1.9% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft Corporation (NASDAQ:MSFT) is up about 0.4%, and Apple (NASDAQ:AAPL) is higher by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily CSI 300 China A Share Bear 1X Shares (NYSE:CHAD), which lost 1,500,000 of its units, representing a 33.7% decline in outstanding units compared to the week prior.
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