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The ProShares UltraPro QQQ ETF (TQQQ) reported a significant outflow of approximately $455.2 million, equating to a 1.5% week-over-week decrease in shares outstanding, from 266,150,000 to 262,250,000. This data was released on [insert date].
In related trading, key components within TQQQ reflected varied performance: Netflix Inc (NFLX) declined by 1.8%, while Costco Wholesale Corp (COST) saw a minor increase of 0.3%, and Cisco Systems Inc (CSCO) rose by 1.2%. TQQQ’s 52-week price range is $35 (low) to $121.37 (high), with the last trade at $117.64.
The ETF’s week-over-week changes indicate the impact of investor demand, which leads to the creation or destruction of underlying units, ultimately affecting the performance of individual components.
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