Above-Average Inflows for QQQM ETF
When analyzing the week-over-week shares outstanding changes among the ETFs, one potential market standout is the Invesco NASDAQ 100 ETF (QQQM). An approximate $1.0 billion dollar inflow represented a remarkable 5.1% increase week over week in outstanding units, escalating from 114,730,000 to 120,630,000.
In trading today, Tesla Inc (TSLA) experienced a 1.8% increase, while Adobe Inc (ADBE) and T-Mobile US Inc (TMUS) saw declines of around 0.7%. This data suggests a notable flow of assets into the QQQM ETF in the current market landscape.
Analyzing QQQM’s Price Performance
Graphically displayed is the one-year price performance of QQQM, as compared to its 200-day moving average. Notably, QQQM reached its 52-week low at $117.35 per share and peaked at $176.94, ultimately concluding at $175.71. Engaging in a comparative analysis of the most recent share price against the 200-day moving average is a valuable technical approach for investors to consider in their decision-making.
Understanding ETFs and Their Trading Dynamics
Exchange traded funds (ETFs) function akin to stocks, with investors buying and selling ”units”, rather than traditional ”shares”. These ”units” are tradable, and can be created or destroyed to align with investor demand. It’s imperative to monitor the week-over-week change in shares outstanding data to identify ETFs experiencing notable inflows or outflows, as these changes significantly impact the underlying components held within ETFs.
Exploring Other ETFs with Notable Inflows
For further insights, uncover which other ETFs encountered noteworthy inflows by clicking here.
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