SQQQ Experiences Significant ETF Outflows

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Looking at recent changes in exchange-traded funds (ETFs), the ProShares UltraPro Short QQQ (SQQQ) experienced a significant outflow of approximately $97 million, equating to a 2.9% decrease in shares outstanding. The total number of shares fell from 145,467,690 to 141,217,690.

In terms of stock performance, SQQQ has a 52-week low of $21.52 and a high of $57.95, with its last trade recorded at $22.36. This price action is in relation to its 200-day moving average, providing a useful metric for evaluating its technical position.

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