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 6,850,000 units were destroyed, or a 1.9% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple (NASDAQ:AAPL) is up about 0.3%, and Microsoft (NASDAQ:MSFT) is up by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the ProShares UltraShort Silver (NYSE:ZSL), which lost 100,000 of its units, representing a 16.2% decline in outstanding units compared to the week prior.
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