QQQ, UGE: Big ETF Outflows
Posted on September 26, 2012 at 12:44 PM EDT
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the PowerShares QQQ (QQQ), which shed 7.5 million shares, or a 1.4% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft (MSFT) is off about 1.1%, and Google (GOOG) is lower by about 0.6%.