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QQQ, AGT: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco QQQ ( QQQ ), where 8,600,000 units were destroyed, or a 2.2% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple ( AAPL ) is up about 0.1%, and Microsoft Corporation ( MSFT ) is lower by about 0.3%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares MSCI Argentina and Global Exposure ETF ( AGT ), which lost 400,000 of its units, representing a 26.7% decline in outstanding units compared to the week prior. Among the largest underlying components of AGT, in morning trading today Mercadolibre ( MELI ) is off about 0.3%, and Grupo Financiero Galicia (GGAL) is up by about 0.4%.

VIDEO: QQQ, AGT: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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