QQQ, ZSL: Big ETF Outflows
ETF Channel Staff - Wednesday, March 22, 10:48 AMLooking 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 6,850,000 units were destroyed, or a 1.9% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is up about 0.3%, and Microsoft (MSFT) is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Silver (ZSL), which lost 100,000 of its units, representing a 16.2% decline in outstanding units compared to the week prior.