ETF activity: QQQ leads a $2.24 billion exit on Oct. 29
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. ETF activity on Thursday tilted toward redemptions, with 339 funds reporting a net estimated outflow of $1.90 billion as 17,500 positions decreased against 40,617 increases. QQQ led the retreat at an estimated -$2.24 billion, followed by…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAggregate ETF outflows of $1.90 billion can weigh on benchmark indices such as QQQ and SPY.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01339 funds reported a net estimated outflow of $1.90 billion.
- 02QQQ led the outflows at an estimated -$2.24 billion, followed by SPY at -$1.97 billion.
- 03XLF drew $885.1 million and AVLV $614.0 million in inflows.
- 04ExxonMobil recorded $889.9 million in value change across 46 buying ETFs.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Exxon Mobil Corporation181.87 USD-2.87%today -2.87%Positive State Street SPDR S&P 500 ETF759.85 USD+0.55%today +0.55%Negative Invesco QQQ Trust, Series 1693.57 USD+0.45%today +0.45%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets