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 9.5 million units were destroyed, or a 2.0% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (NASDAQ:AAPL) is down about 0.3%, and Microsoft (NASDAQ:MSFT) is lower by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust RBA Quality Income ETF (NASDAQ:QINC), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of QINC, in morning trading today Meridian Bioscience (NASDAQ:VIVO) is off about 1.1%, and PetMeds Express (NASDAQ:PETS) is lower by about 0.8%.
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