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QQQ, INAG: Big ETF Outflows

Oct 10, 2019

Oct 10, 2019 (MarketNewsVideo.com via COMTEX News Network) -- 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 10,850,000 units were destroyed, or a 2.7% decrease week over week. Among the largest underlying components of QQQ, in morning trading today Microsoft Corporation (MSFT) is up about 0.6%, and Apple (AAPL) is up by about 1.1%.

And on a percentage change basis, the ETF with the biggest outflow was the INAG ETF (INAG), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20191020191010etfflowsQQQI&mv=1.


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SOURCE: Comtex

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