QQQ, KNOW: Big ETF Outflows Friday, November 7, 1:58 PM ET
Looking 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 55,700,000 units were destroyed, or a 11.8% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is up about 0.1%, and Microsoft (MSFT) is lower by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the All Cap Insider Sentiment Shares (KNOW), which lost 250,000 of its units, representing a 35.7% decline in outstanding units compared to the week prior. Among the largest underlying components of KNOW, in morning trading today The ADT Corporation (ADT) is down about 0.2%, and Agco Corporation (AGCO) is up by about 1.7%.
For MarketNewsVideo.com, I'm Kristin Bianco.
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