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 (NASDAQ:FUBC) is higher by about 0.3%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.