ProShares Ultra QQQ Sees Significant Inflows This Week

In the latest analysis of ETFs, the ProShares Ultra QQQ (Symbol: QLD) stands out due to a substantial inflow of approximately $621.9 million. This represents a 10.5% increase in outstanding units week over week, rising from 63,500,000 to 70,150,000 units. Among the key assets within QLD, notable changes occurred today: Texas Instruments Inc. (Symbol: TXN) declined about 0.4%, Gilead Sciences Inc. (Symbol: GILD) fell by approximately 1.8%, while PDD Holdings Inc. (Symbol: PDD) increased by about 1.5%. For a full list of holdings, visit the QLD Holdings page.

The chart below illustrates the one-year price performance of QLD against its 200-day moving average:

QLD’s recent trading reveals a low point of $75.28 per share over the past 52 weeks, contrasted with a high of $120.6799. The last recorded trade was at $94.53. Evaluating the current share price in relation to the 200-day moving average provides a valuable technical analysis tool. Learn more about the 200-day moving average.

Exchange traded funds (ETFs) operate similarly to stocks; however, investors buy and sell ‘units’ instead of ‘shares.’ These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we examine changes in shares outstanding to identify ETFs with notable inflows—indicating new units created—or outflows—signifying units destroyed. The creation of new units necessitates the purchase of the ETF’s underlying holdings, while a reduction in units entails selling these holdings. Consequently, significant flows can impact the performance of the individual components held within ETFs.

Click here to discover which other 9 ETFs experienced notable inflows »

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The views and opinions expressed herein are solely those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.