Recent Developments
Observing the latest changes in shares outstanding among various ETFs, the Invesco NASDAQ 100 ETF (Symbol: QQQM) shines with an influx of approximately $147.9 million. This marks an impressive 0.7% spike in outstanding units, escalating from 124,920,000 to 125,740,000. Noteworthy components within QQQM include Tesla Inc (Symbol: TSLA), down 1.6% in today’s trading, T-Mobile US Inc (Symbol: TMUS) on the rise by 0.9%, and Applied Materials, Inc. (Symbol: AMAT) witnessing a modest 0.6% decrease in value.
Turning towards historical data, the chart below illustrates the one-year price performance of QQQM in relation to its 200-day moving average.
Within the past 52 weeks, QQQM experienced a low of $117.35 per share and reached a high of $181.38. The most recent trade settled at $180.56. Comparing the current share price with the 200-day moving average serves as a valuable technical analysis method.
ETF Market Insight
ETFs, resembling stocks in trading mechanisms, involve investors transacting ‘units.’ These units, akin to stocks, are tradable round the clock but also capable of generation or elimination to adapt to market demands. Weekly monitoring of variations in shares outstanding data allows the identification of ETFs encountering notable inflows (generating new units) or outflows (eliminating existing units), indicating a substantial impact on the individual components held within the ETFs.
Explore other ETFs with significant inflows »
Further References:
• Investigating Stocks with Recent Secondaries Garnering Hedge Fund Interest
• Analysis on ABL Insider Buying Trends
• Insight into the Top Ten Hedge Funds Holding EWX