Big outflows seen in ProShares UltraPro QQQ and ProShares Ultra High Yield ETF

From Nasdaq: 2024-05-28 11:16:42

In the world of ETFs, the ProShares UltraPro QQQ saw the biggest outflow with 10.7 million units destroyed, a 3.0% decrease compared to the previous week. Microsoft is down 0.4% and Apple is up 1% among TQQQ’s largest components in morning trading today.

The ProShares Ultra High Yield ETF had the largest percentage decrease in outflows, with 80,000 units lost, marking a 30.8% decline from the previous week.

Read more at Nasdaq: TQQQ, UJB: Big ETF Outflows