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QQQ, EFFE: Big ETF Outflows

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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 3,050,000 units were destroyed, or a 0.8% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Apple ( AAPL ) is trading flat, and Microsoft Corporation ( MSFT ) is up by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the JPMorgan Efficiente Index ETF ( EFFE ), which lost 50,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.

VIDEO: QQQ, EFFE: 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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