QQQ, KNOW: Big ETF Outflows
November 07, 2014 at 13:58 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 55,700,000 units were destroyed, or a 11.8% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is up about 0.1%, and Microsoft (MSFT) is lower by about 0.7%.