QQQ, UVT: Big ETF Outflows
ETF Channel Staff - Monday, February 11, 12:18 PMTurning 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 25,600,000 shares, or a 5.2% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft Corporation (MSFT) is up about 0.1%, and Google Incorporated Class A (GOOG) is lower by about 0.8%.
And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Russell2000 Value (UVT), which lost 75,000 of its shares, for a whopping 25.0% decline in outstanding shares. Among the largest underlying components of UVT, in morning trading today 1 800 FLOWERS.COM Incorporated Class A (FLWS) is off about 0.2%, and 1st United Bancorp FL (FUBC) is lower by about 0.1%.