QQQ, SDP: Big ETF Outflows
November 22, 2013 at 13:11 PM EST
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares QQQ (QQQ), where 7.3 million units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft (MSFT) is up about 0.3%, and Google (GOOG) is lower by about 0.4%.