Mysterious Mega-Flows Rotate Through World’s Biggest Tech ETF
- QQQ has seen average daily flows of $1.5 billion in past month
- Analysts point to options activity, retail as possible drivers
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The amount of cash cycling through one of the world’s largest exchange-traded funds is turning heads across Wall Street.
The $146 billion Invesco QQQ Trust Series 1 (QQQ) ETF has seen an average of $1.5 billion per day in flows over the past month, according to data compiled by Bloomberg. The fund posted its biggest withdrawal in two decades in late September, followed by its largest influx in the same time period one day later. The ETF lured $3 billion the following week, ahead of a $3 billion exit the next day. This week brought another $3.7 billion inflow in a single day.