QQQ, EWZS: Big ETF Outflows
ETF Channel Staff - Friday, September 19, 12:21 PMLooking 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 13,350,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is off about 0.3%, and Microsoft (MSFT) is higher by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Brazil Small-Cap ETF (EWZS), which lost 1,000,000 of its units, representing a 33.9% decline in outstanding units compared to the week prior.