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 (NASDAQ:QQQ), where 12,800,000 units were destroyed, or a 2.6% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (NASDAQ:AAPL) is down about 0.9%, and Microsoft (NASDAQ:MSFT) is higher by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Utilities AlphaDEX Fund (AMEX:FXU), which lost 1,500,000 of its units, representing a 16.9% decline in outstanding units compared to the week prior. Among the largest underlying components of FXU, in morning trading today Entergy Corporation (NYSE:ETR) is up about 1%, and United States Cellular (NYSE:USM) is lower by about 0.3%.
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