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Weekly ETF Inflow AnalysisRiding the Wave: Analyzing ETF Inflows for QQQM, TSLA, TMUS, AMAT

Uncovering Market Trends

When delving into the week-over-week changes in shares outstanding among the array of ETFs cataloged at ETF Channel, one particular standout emerges – the Invesco NASDAQ 100 ETF (Symbol: QQQM) reveals a significant approximate $147.9 million influx. This marks a 0.7% surge in outstanding units from 124,920,000 to 125,740,000. Within the major constituents of QQQM, Tesla Inc (Symbol: TSLA) observed a minor decrease of 1.6%, T-Mobile US Inc (Symbol: TMUS) showed an increase of about 0.9%, and Applied Materials, Inc. (Symbol: AMAT) slipped approximately 0.6% in trading today.

Technical Insights

Reflecting on the chart indicating the one-year price performance of QQQM compared to its 200-day moving average, QQQM’s 52-week range spans from a low of $117.35 per share to a peak of $181.38. This delineation manifests in stark contrast to the final trade standing at $180.56. The application of the most recent share price against the 200-day moving average can offer a valuable technical analysis method.

Invesco NASDAQ 100 ETF 200 Day Moving Average Chart

An ETF Rundown

ETFs function akin to stocks, whereby investors trade “units” rather than shares. These units exhibit tradability akin to stocks and can be generated or eliminated as per investor demand. Weekly monitoring of the shifts in shares outstanding scrutinizes ETFs encountering noteworthy inflows (signifying the formation of numerous new units) or outflows (reflecting the destruction of an abundance of old units). The inception of new units necessitates the procurement of the ETF’s underlying assets, while unit destruction entails the liquidation of underlying holdings, thereby substantial flows exert an impact on the individual components retained within ETFs.

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