Large outflow of $2.8 billion in Invesco QQQ ETF, with minor fluctuations seen in Amazon, AMD, Adobe.

From Nasdaq: 2024-08-22 12:19:31

Invesco QQQ experienced a $2.8 billion outflow, a 0.9% decrease in shares outstanding week over week. Some of its largest components like Amazon, AMD, and Adobe saw minor fluctuations in trading. The one year price performance of QQQ compared to its 200 day moving average shows a range from $342.35 to $503.52 per share.

ETFs, like stocks, trade in units that can be bought, sold, created, or destroyed. Monitoring changes in shares outstanding helps identify ETFs with notable inflows or outflows. Large flows can impact the underlying holdings of ETFs, with new units requiring purchases and destroyed units involving selling of holdings.

For more information on ETFs that experienced notable outflows and other financial news, click the links provided above.



Read more at Nasdaq: QQQ, AMZN, AMD, ADBE: Large Outflows Detected at ETF