QTEC, SOXS: Big ETF Outflows
July 23, 2012 at 14:33 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 Index Fund (QTEC), which shed 16,350,000 shares, or a 75.5% decrease week over week. And on a percentage change basis, the ETF with the largest outflow was the Daily Semiconductor Bear 3x Shares (SOXS), which lost 150,000 of its shares, for a whopping 27.3% decline in outstanding shares.
