QQQ, SRTY: Big ETF Outflows
July 07, 2015 at 10:48 AM 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 12,150,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is down about 0.7%, and Microsoft (MSFT) is lower by about 1.3%.