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PowerShares QQQ Experiences Big Outflow

Forbes - 28 Dec 2012 17:56
PowerShares QQQ Experiences Big Outflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the PowerShares QQQ (NASD: QQQ) where we have detected an approximate $393.0 million dollar outflow -- that's a 1.3% decrease week over week (from 482,850,000 to 476,750,000). Among the largest underlying components of QQQ, in trading today Qualcomm, Inc. (NASD: QCOM) is off about 0.6%, Facebook, Inc. (NASD: FB) is down about 1.4%, and Baidu, Inc. (NASD: BIDU) is up by ab...
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