Quantifying the Changes
Within the realm of ETFs scrutinized by ETF Channel, the past week unveiled notable outflows, notably in the Invesco QQQ. A total of 6,550,000 units were liquidated, translating to a 1.1% reduction in units compared to the previous week. Amid this trend, major components of the QQQ ETF displayed mixed performance today, with Apple declining approximately 0.9% and Microsoft gaining around 0.7%.
Proportional Declines
On a proportional basis, the JULT ETF experienced a substantial decrease in units, shedding 1,200,000 units. This reduction signifies a significant 38.7% drop in outstanding units when compared to the prior week.
