Significant ETF Outflows Noted in AIQ, BABA, SAP, NOK

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The Global X Artificial Intelligence & Technology ETF (Symbol: AIQ) experienced a significant week-over-week outflow of approximately $356.2 million, equating to a 3.4% decrease in shares outstanding, from 167,090,002 to 161,450,002. This shift occurred as of the latest trading session, where key holdings like Alibaba Group (BABA) rose by 1.2%, SAP SE (SAP) increased by 1.6%, while Nokia Corp (NOK) declined by 4.1%.

Over the past year, AIQ has seen its share price vary between a low of $42.92 and a high of $70.26, with the last trade recorded at $62.47. The ETF’s performance is currently being assessed against its 200-day moving average as investors monitor these notable changes in inflows and outflows.

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