Invesco QQQ experienced $1.2 billion inflow, Apple and Microsoft traded flat, NVIDIA dipped

From Nasdaq: 2024-08-14 10:57:48

In the latest ETF Channel report, Invesco QQQ experienced a $1.2 billion inflow, a 0.4% increase in outstanding units. Major components like Apple Inc and Microsoft Corporation traded flat, while NVIDIA Corp dipped by 0.4%. QQQ’s price performance compared to its 200-day moving average is also highlighted.

ETFs, which trade like stocks, track the change in shares outstanding weekly. Creation of new units means buying more underlying assets, while destruction involves selling. Stay updated on ETFs with notable inflows or outflows to understand market trends and potential impacts on individual holdings. Visit ETF Channel for comprehensive details.



Read more at Nasdaq: QQQ, AAPL, MSFT, NVDA: Large Inflows Detected at ETF