News Column

PSQ, GASL: Big ETF Outflows

May 1, 2014

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 Short QQQ (PSQ), where 5,925,000 units were destroyed, or a 28.6% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Daily Natural Gas Related Bull 3x Shares (GASL), which lost 99,999 of its units, representing a 22.2% decline in outstanding units compared to the week prior. Among the largest underlying components of GASL, in morning trading today Anadarko Petroleum (APC) is off about 0.3%, and Apache Corporation (APA) is lower by about 0.4%.

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