SQQQ, FTXN: Big ETF Inflows Thursday, June 7, 11:03 AM ET
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares ProShares UltraPro Short QQQ (SQQQ), which added 7,050,000 units, or a 18.5% increase week over week.
And on a percentage change basis, the ETF with the biggest increase in inflows was the First Trust Nasdaq Oil & Gas ETF (FTXN), which added 300,000 units, for a 37.5% increase in outstanding units. Among the largest underlying components of FTXN, in morning trading today Intelsat (I) is down about 3.5%, and Valero Energy (VLO) is higher by about 0.5%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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