The Invesco NASDAQ Internet ETF (Symbol: PNQI) reported a significant outflow of approximately $127.9 million, translating to a 14.5% decrease in shares outstanding from 17,540,000 to 15,000,000 within one week. This data reflects notable selling activity in the ETF’s underlying assets, including Spotify Technology SA, which increased by 2.1%, and Alibaba Group Holding Ltd, which decreased by 0.6%.
Currently, PNQI’s share price stands at $50.50, with a 52-week range of $36 to $51.32. The ETF’s performance can be analyzed against its 200-day moving average as part of a technical analysis approach.
