SQQQ, FLAO: Big ETF Outflows

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 13,550,000 units were destroyed, or a 4.4% decrease week over week. And on a percentage change basis, the ETF with the biggest outflow was the FLAO ETF, which lost 225,000 of its units, representing a 28.1% decline in outstanding units compared to the week prior.