QQQ, AMD, PEP, CSCO: Large Outflows Detected at ETF
From Nasdaq:
Invesco QQQ (QQQ) experienced a $1.1 billion outflow, a 0.4% decrease week over week. Among its major components, Advanced Micro Devices Inc (AMD) is down 1.9%, PepsiCo Inc (PEP) is off 0.4%, and Cisco Systems Inc (CSCO) is lower by 0.1%. QQQ’s 52-week range is $285.19 to $440.59.
ETFs, like stocks, trade in units. Changes in shares outstanding data indicate inflows or outflows, affecting ETF holdings. Monitoring this can reveal ETFs experiencing notable inflows/outflows. Creation of new units entails buying underlying holdings, while destruction involves selling them. Click to discover other ETFs with notable outflows.
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