Looking at the week-over-week changes in shares outstanding for ETFs, a notable highlight is the ProShares UltraPro QQQ (Symbol: TQQQ). This fund experienced an inflow of approximately $180.8 million, leading to a 0.7% rise in outstanding units—from 311,800,000 to 314,100,000. Among the largest holdings in TQQQ, NVIDIA Corp (Symbol: NVDA) increased by about 3.4%, Microsoft Corporation (Symbol: MSFT) gained around 0.6%, and Alphabet Inc (Symbol: GOOG) rose by about 0.7%. For more details, you can visit the TQQQ Holdings page »
The chart below displays TQQQ’s performance over the past year compared to its 200-day moving average:
In examining the chart, TQQQ’s 52-week low is $45.47, while its high stands at $93.7892. The most recent trading price was $80.47. Analyzing the share price against the 200-day moving average can provide insights into market trends—learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) function like stocks, but rather than “shares,” investors trade “units.” These units can be exchanged much like stocks, and they can also be created or destroyed depending on demand. Weekly monitoring of shares outstanding helps identify ETFs that are experiencing significant inflows (indicating new units created) or outflows (indicating old units destroyed). Creating new units requires purchasing the ETF’s underlying assets, while destroying units involves selling them, potentially impacting the individual stocks within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
HAST Insider Buying
CALM Dividend History
Top Ten Hedge Funds Holding PXE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
