Favorable Inflow Detected
Among the universe of ETFs covered at ETF Channel, a substantial $424.5 million dollar inflow has been detected in the Invesco NASDAQ 100 ETF (Symbol: QQQM), representing a notable 1.9% increase in outstanding units week over week (from 122,540,000 to 124,920,000). Among the major underlying components of QQQM, in today’s trading session, Tesla Inc (Symbol: TSLA) is up about 3.5%, Adobe Inc (Symbol: ADBE) is off about 0.8%, and T-Mobile US Inc (Symbol: TMUS) is up by about 0.1%. For a comprehensive list of holdings, visit the QQQM Holdings page.
Performance Overview
The chart below illustrates the one year price performance of QQQM, versus its 200-day moving average.
Considering the chart above, QQQM’s 52-week low point stands at $117.35 per share, with $180.77 as the 52-week high point — comparing with a last trade of $177.92. Additionally, comparing the most recent share price to the 200-day moving average can also be a useful technique for technical analysis.
Trading Dynamics
ETFs trade just like stocks, but instead of ”shares”, investors are actually buying and selling ”units”. Moving forward, we will monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows or outflows. These ‘units’ can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Large flows can significantly impact the individual components held within ETFs. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings.
Unveiling Investment Opportunities
Discover other ETFs that experienced notable inflows to identify investment opportunities. Additionally, also explore hedge fund activity among individual components, ETFs holding HALO, and the top ten hedge funds holding YJUN.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
