Large outflows detected in QQQ ETF, Amazon and T-Mobile up, Amgen down 0.6%.

From NASDAQ: 2024-07-29 10:53:06

Invesco QQQ (QQQ) experienced a $763.9 million outflow, a 0.3% decrease in shares outstanding. Amazon.com Inc (AMZN) is up 0.6%, T-Mobile US Inc (TMUS) is up 0.4%, while Amgen Inc (AMGN) is down 0.6%. Check out the complete list of holdings on the QQQ Holdings page.

The one-year price performance of QQQ versus its 200-day moving average shows a range from $342.35 to $503.52, with the last trade at $465.53. Understanding the relation between the share price and the 200-day moving average can provide valuable technical analysis insights.

ETFs trade like stocks, with investors buying and selling units. Changes in shares outstanding data indicate notable inflows or outflows, affecting the underlying holdings of ETFs. Creation of new units requires purchasing holdings, while destruction involves selling them, impacting individual components within ETFs.

For more ETFs with notable outflows, visit the link provided. Explore historical EPS, shares outstanding history, and stock predictions. Note that views expressed are of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more at NASDAQ: QQQ, AMZN, TMUS, AMGN: Large Outflows Detected at ETF