Invesco QQQ Sees Significant Week-over-Week Outflow
This week, the Invesco QQQ (Symbol: QQQ) has experienced a substantial outflow of approximately $1.5 billion, marking a 0.5% decline in shares outstanding. The number of units dropped from 617,650,000 to 614,600,000. Several major companies within the QQQ, including Tesla Inc (Symbol: TSLA), which is down about 0.6%, and Costco Wholesale Corp (Symbol: COST), declining around 0.9%, are contributing to this trend. Conversely, Adobe Inc (Symbol: ADBE) has seen a slight increase of about 1.1%. For further details, check the QQQ Holdings page »
Recent Price Performance and Historical Context
The accompanying chart illustrates QQQ’s price performance over the past year compared to its 200-day moving average:
The lowest point in QQQ’s 52-week trading range was $382.66 per share, while the highest was $515.58. As of the last trade, the shares were priced at $507.59. Tracking the relationship between the current price and the 200-day moving average is a key strategy for technical analysis. To learn more about using the 200-day moving average, click here ».
Understanding ETF Mechanics
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” instead of shares. These units can be created or destroyed based on demand, enabling flexibility within the market. Our weekly monitoring of the changes in shares outstanding allows us to identify ETFs with significant inflows—indicating new units are being created—or outflows—suggesting older units are being removed. When new units are created, the underlying assets must be purchased, while the destruction of units requires selling off underlying assets. Large movements can directly influence the individual stocks held within these ETFs.
Click here to discover which 9 other ETFs also experienced notable outflows »
Also see:
- AVDE Options Chain
- PURE Videos
- ETFs Holding CALD
The views and opinions expressed herein are the author’s and do not necessarily reflect those of Nasdaq, Inc.
