QQQ, QINC: Big ETF Outflows
April 29, 2014 at 12:07 PM EDT
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 9.5 million units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is down about 0.3%, and Microsoft (MSFT) is lower by about 1%.