Invesco QQQ Sees $397.2 Million Outflow as ETF Trends Shift
Market Movement: QQQ Declines Slightly Amid Notable Stock Performance
Analyzing the latest changes in shares outstanding among exchange-traded funds (ETFs), the Invesco QQQ (Symbol: QQQ) has caught attention due to a significant outflow. Recent data highlights an approximate $397.2 million outflow, translating to a 0.1% decrease week-over-week, bringing the shares outstanding down from 606,650,000 to 605,850,000. Currently, among QQQ’s major holdings, Tesla Inc (Symbol: TSLA) has dropped about 0.6%, Costco Wholesale Corp (Symbol: COST) has decreased by about 0.8%, while Booking Holdings Inc (Symbol: BKNG) has increased by approximately 6%. For complete details on holdings, visit the QQQ Holdings page »
The chart below illustrates QQQ’s one-year price performance compared to its 200-day moving average:
Within the past year, QQQ reached a low of $351.62 per share and peaked at $503.52, with its most recent trade recorded at $486.89. This comparison can further inform technical analysis by examining how the current share price relates to the long-term moving average — explore more about the 200-day moving average ».
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ETFs, or exchange-traded funds, operate similarly to stocks. However, instead of buying “shares,” investors are purchasing “units,” which can be traded just like shares. These units can also be created or destroyed to satisfy investor demand. Each week, we track changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (existing units destroyed). The creation of new units necessitates the purchase of the underlying holdings, whereas the destruction of units results in selling those holdings, making these movements influential on the individual stocks within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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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.