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 7,200,000 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 0.1%, and Microsoft (NASDAQ:MSFT) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY), which lost 1,949,998 of its units, representing a 29.1% decline in outstanding units compared to the week prior. Among the largest underlying components of RDVY, in morning trading today Archer Daniels Midland Company (NYSE:ADM) is up about 0.4%, and Nike (NYSE:NKE) is higher by about 0.5%.
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