QQQ, PHDG: Big ETF Outflows
August 13, 2019 at 10:58 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ, where 11,400,000 units were destroyed, or a 2.9% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft is up about 2.1%, and Apple is higher by about 4.9%.