QQQ, BOIL: Big ETF Outflows
March 26, 2014 at 13:42 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 7,500,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is up about 0.4%, and Google (GOOG) is up by about 0.4%.