Tracking ETF Movement

When delving into the fluctuations in shares outstanding among the realm of ETFs analyzed at ETF Channel, a standout emerges in the form of the Invesco NASDAQ 100 ETF (Symbol: QQQM). Notably, an approximate $196.0 million dollar inflow has been detected, showcasing a 0.6% increase week over week in outstanding units, soaring from 162,770,000 to 163,780,000.

Market Shifts

Among the premier underlying components of QQQM, today’s trading elucidates that Costco Wholesale Corp (Symbol: COST) has surged by about 0.7%, Advanced Micro Devices Inc (Symbol: AMD) rose by approximately 5.6%, while T-Mobile US Inc (Symbol: TMUS) exhibited a growth of about 0.6%.

Performance Chart Analysis

Delving into the historical performance trajectory, the chart below delineates the one-year price movement of QQQM against its 200-day moving average.

A sight at the chart exposes that QQQM’s nadir in its 52-week range stands at $140.84 per share, with its apex reaching $207.24 per share. The recent trade value stands at $199.44. Corresponding the current share price with the 200-day moving average encapsulates a valuable technical analysis methodology.

Understanding ETFs

ETFs mimic stock trading with “units” bought and sold by investors. These “units” function akin to stocks, allowing trading transactions. However, they can also be generated or eliminated based on investor demand. Regular monitoring of the week-over-week shift in shares outstanding data is crucial to detect ETFs witnessing substantial inflows or outflows.

Influx of new units necessitates the procurement of underlying holdings while unit destruction involves the divestment of such holdings. Hence, substantial flows can significantly influence the individual components held within ETFs.

Further References:

• AJXA Videos
• MCRI YTD Return
• Institutional Holders of PNTM