Billions Rotate Through Giant Tech ETF Thanks to Options Boom
- Invesco’s QQQ posts largest outflow and inflow in two decades
- ‘Quadruple witching’ options expiry spurred Friday’s flows
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Billions of dollars are on the move in one of the world’s largest exchange-traded funds as soaring options activity collides with the uncertain outlook for tech shares.
One trading session after recording its worst exodus in 20 years, the Invesco QQQ Trust Series 1 (QQQ) ETF saw its best day for new assets in the same period. Investors had withdrawn $3.48 billion from the fund on Friday, but they poured $4.16 billion back in on Monday as the Nasdaq 100 Index erased almost all of a 2.4% intraday drop.