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QQQ, UWC: Big ETF Outflows
Monday, May 7, 2:26 PM ET

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the PowerShares QQQ (NASDAQ:QQQ), which shed 7,850,000 shares, or a 1.6% decrease week over week. Among the largest underlying components of QQQ, in morning trading today AMAZON.COM Incorporated (NASDAQ:AMZN) is off about 0.1%, and Comcast Corporation Class A (NASDAQ:CMCSA) is lower by about 0.4%.

And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Russell3000 (AMEX:UWC), which lost 50,000 of its shares, for a whopping 50.0% decline in outstanding shares. Among the largest underlying components of UWC, in morning trading today 1 800 FLOWERS.COM Incorporated Class A (NASDAQ:FLWS) is down about 1.8%, and 1st United Bancorp FL (FUBC) is higher by about 0.3%.

For MarketNewsVideo.com, I'm Tracey Fitzpatrick.

QQQ, UWC: Big ETF Outflows picture
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