In the latest data reviewed by ETF Channel, the ProShares UltraPro QQQ (Symbol: TQQQ) has attracted approximately $634.7 million in inflows. This represents a 2.6% increase in outstanding units, rising from 309,350,000 to 317,300,000 week over week. Key stocks within TQQQ, such as Linde PLC (Symbol: LIN) are experiencing slight gains of 0.6%, while Intuitive Surgical Inc (Symbol: ISRG) is up 0.1%. However, Texas Instruments Inc. (Symbol: TXN) has seen a decrease of about 1.4%. To view the full range of holdings, refer to the TQQQ Holdings page »
The chart presented below illustrates TQQQ’s price performance over the past year in relation to its 200-day moving average:
According to the chart, TQQQ’s 52-week price lows hit $41.73, while the highs peaked at $85.20. The latest trade price stands at $77.49. Analyzing the current share price alongside the 200-day moving average can be an effective technical analysis method—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) function similarly to stocks, but investors trade in “units” instead of shares. These units are bought and sold like stocks and can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding, keeping an eye out for ETFs that either gain notable inflows (indicating new units created) or experience outflows (old units destroyed). When new units are created, it necessitates purchasing the ETF’s underlying holdings. Conversely, when units are destroyed, it leads to selling those holdings, which can also influence the individual stocks within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- GDEF Insider Buying
- Institutional Holders of B
- XRS Price Target
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
