October 18, 2012 at 13:50 PM EDT
QQQ, FINU: Big ETF Outflows
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 17,950,000 shares, or a 3.6% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft Corporation (MSFT) is off about 0.3%, and Google Incorporated Class A (GOOG) is lower by about 0.8%.
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