ProShares Ultra QQQ Sees Significant Inflows Amid Market Activity

Examining recent changes in shares outstanding among ETFs, the ProShares Ultra QQQ (Symbol: QLD) stands out. Recently, it experienced an inflow of approximately $289.1 million, leading to a 4.6% increase in outstanding units from 67,600,000 to 70,700,000. In today’s trading, Microsoft Corporation (Symbol: MSFT) is flat, Apple Inc (Symbol: AAPL) has risen about 0.9%, while NVIDIA Corp (Symbol: NVDA) is down by roughly 0.5%. For an exhaustive list of holdings, visit the QLD Holdings page.

The chart below illustrates the one-year price performance of QLD in relation to its 200-day moving average:

In the chart, QLD reached a low point of $64.72 in its 52-week range, with a high of $120.6799. The last traded price is $93.46. Analyzing the most recent share price against the 200-day moving average can be a helpful technique for technical analysis.

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Exchange-traded funds (ETFs) trade similarly to stocks. However, instead of “shares,” investors are buying and selling “units.” These units can be traded like stocks but may also be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units implies the underlying holdings must be purchased, while unit destruction requires selling underlying holdings. Thus, substantial flows can also affect individual components held within ETFs.

Click here to discover which 9 other ETFs had notable inflows.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.