Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ, where 9,300,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple is up about 0.5%, and Microsoft is higher by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the BUYZ ETF, which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
VIDEO: QQQ, BUYZ: Big ETF Outflows
