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 7.5 million shares, or a 1.4% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft (NASDAQ:MSFT) is off about 1.1%, and Google (NASDAQ:GOOG) is lower by about 0.6%.
And on a percentage change basis, the ETF with the largest outflow was the Proshares Ultra Consumer Goods (AMEX:UGE), which lost 75,000 of its shares, for a whopping 33.3% decline in outstanding shares. Among the largest underlying components of UGE, in morning trading today Activision Blizzard (NASDAQ:ATVI) is off about 0.4%, and Altria Group (NYSE:MO) is higher by about 0.4%.
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