QQQ, JDST: Big ETF Outflows Thursday, December 11, 12:40 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 22,000,000 units were destroyed, or a 5.1% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (AAPL) is up about 1.3%, and Microsoft (MSFT) is higher by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Junior Gold Miners Index Bear 3x Shares (JDST), which lost 1,050,000 of its units, representing a 20.2% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
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