QGRO ETF Faces Significant Outflow: Week-Over-Week Changes Analyzed
Over $137 Million Withdrawn from QGRO This Week
This week, the QGRO ETF (Symbol: QGRO) has shown a remarkable shift in its shares outstanding. We observed an outflow of approximately $137.9 million, reflecting an 11.4% decrease in its shares, which dropped from 11,650,000 to 10,325,000.
The chart below illustrates QGRO’s one-year price performance alongside its 200-day moving average:
Analyzing the chart, the lowest point for QGRO in its 52-week range has been $71.9459 per share, while the highest point reached $105.50. The most recent trade also occurred at $105.50. When comparing the latest share price to the 200-day moving average, investors can use this as a valuable tool for technical analysis.
Understanding ETFs: Exchange traded funds (ETFs) work similarly to stocks. However, instead of “shares,” investors buy and sell “units.” These units can be traded each day and can be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs that are seeing significant inflows, indicating new unit creations, or outflows, showing unit reductions. When new units are created, the ETF needs to acquire its underlying assets, while unit destruction involves selling these assets, thus influencing the components held within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
- AMTI Stock Predictions
- ETFs Holding BRKR
- Top Ten Hedge Funds Holding CIZN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
