(Bloomberg) -- The rout in U.S. stocks last week spurred the heaviest withdrawals since the 2000 dot-com crash for the biggest exchange-traded fund tracking U.S. technology shares.
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Investors yanked almost $4 billion from the $56 billion PowerShares QQQ Trust Series 1 ETF in the five days ended Feb. 9, outpacing redemptions at the depths of the financial crisis. The SPDR S&P 500 ETF Trust, the world’s biggest fund, saw a record $23.6 billion of outflows.
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Trading volume for the tech ETF, which tracks the Nasdaq 100 Index, jumped to more than 500 million shares over the five tumultuous trading sessions, the most since August 2011.
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