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 17,950,000 shares, or a 3.6% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft Corporation (NASDAQ:MSFT) is off about 0.3%, and Google Incorporated Class A (NASDAQ:GOOG) is lower by about 0.8%.
And on a percentage change basis, the ETF with the largest outflow was the Proshares UltraPro Financials (AMEX:FINU), which lost 100,000 of its shares, for a whopping 66.7% decline in outstanding shares. Among the largest underlying components of FINU, in morning trading today Ace Ltd Switzerland New (ACE) is up about 2.4%, and Affiliated Managers Group (NYSE:AMG) is lower by about 0.5%.
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