Major Changes Detected in ETF Shares Outstanding
In the latest updates from ETF Channel, the ProShares UltraPro S&P 500 ETF (Symbol: UPRO) has experienced a remarkable shift, with an outflow of approximately $474.8 million. This drop represents a 10.1% decrease in shares outstanding week over week, moving from 49,550,000 units to 44,550,000 units. Notably, among UPRO’s top holdings today, Union Pacific Corp (Symbol: UNP) has seen a slight decline of about 0.1%, while Lowe’s Companies Inc (Symbol: LOW) has gained 0.5%, and NextEra Energy Inc (Symbol: NEE) remains largely unchanged. To explore the complete list of UPRO’s holdings, visit the UPRO Holdings page »
The chart below illustrates UPRO’s price performance over the past year in relation to its 200-day moving average:
Analyzing the chart reveals that UPRO’s lowest price within its 52-week range is $58.74 per share, while its highest point reached $100.06. Currently, the ETF’s last trade price stands at $96.07. Evaluating the latest share price against the 200-day moving average can provide insight into market trends — learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) operate similarly to stocks, where investors are buying and selling “units.” These “units” can be exchanged like stocks but can also be created or dissolved based on demand. Each week, we monitor the changes in shares outstanding to identify ETFs experiencing significant inflows (more units created) or outflows (more units dissolved). An increase in unit creation indicates that the ETF must acquire additional underlying assets, while a decrease signals that it is selling off assets, impacting the individual components held within the ETFs.
Click here to discover which 9 other ETFs have experienced notable outflows »
Also see:
– Funds Holding BSGM
– GF market cap history
– SCLE YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect the official stance of Nasdaq, Inc.
