QTEC, SQQQ: Big ETF Outflows
May 16, 2012 at 12:45 PM EDT
Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the First Trust NASDAQ-100-Technology Sector IndexFund (QTEC), which shed 15,650,000 shares, or a 72.3% decrease week over week. Among the largest underlying components of QTEC, in morning trading today Seagate Tech Ireland (STX) is up about 0.9%, and Cerner Corporation (CERN) is up by about 0.8%.
