Markets

QQQ, GURI: Big ETF Outflows

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 5,550,000 units were destroyed, or a 1.5% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple ( AAPL ) is up about 1.6%, and Microsoft Corporation ( MSFT ) is higher by about 2.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Guru International Index ETF ( GURI ), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of GURI, in morning trading today Alibaba Group Holding ( BABA ) is up about 0.5%, and America Movil S.A.B. de C.V. (AMX) is higher by about 1.3%.

VIDEO: QQQ, GURI: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BABA QQQ MSFT AAPL

Other Topics

Investing