Defiance Quantum ETF Sees Significant Surge in Unit Inflows
Major Investment Flow Highlights Key Players in Quantum Technology
In an exciting development this week, the Defiance Quantum ETF (Symbol: QTUM) experienced a substantial inflow of approximately $105.5 million. This marks a 16.0% increase week-over-week in outstanding units, surge from 8,100,000 to 9,400,000. Notably, the ETF is heavily invested in major quantum computing names. Today, Rigetti Computing Inc (Symbol: RGTI) saw a rise of about 10.6%, while D-Wave Quantum Inc (Symbol: QBTS) climbed about 3.7%. However, Ionq Inc (Symbol: IONQ) faced a decrease of about 3.2%. For a detailed list of holdings, check the QTUM Holdings page »
The chart below illustrates QTUM’s one-year price performance compared to its 200-day moving average:
According to the chart, QTUM’s price has seen a low of $52.09 and a high of $90.75 over the past year, with the latest trade settling at $81.86. This price analysis alongside the 200-day moving average can provide crucial insights for investors looking to gauge market performance—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) operate like stocks; however, they involve the buying and selling of “units” instead of “shares.” These units can be traded much like stocks, but they can also be created or destroyed based on investor demand. Each week, we review changes in shares outstanding for various ETFs to identify those experiencing significant inflows (new units formed) or outflows (existing units liquidated). The creation of new units necessitates the purchase of the underlying assets, while unit destruction leads to the sale of those assets. Consequently, notable inflows or outflows can greatly impact the individual components of ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
