ProShares UltraPro QQQ Sees $1.8 Billion Weekly Inflow

In the latest analysis of week-over-week changes in shares outstanding among ETFs, the ProShares UltraPro QQQ (Symbol: TQQQ) stands out significantly. This ETF has experienced an inflow of approximately $1.8 billion, indicating a 10.4% week-over-week increase in outstanding units, which rose from 300,700,000 to 331,850,000.

Market Performance of Key Holdings

Today’s trading reveals the performance of some of TQQQ’s largest underlying components. Broadcom Inc (Symbol: AVGO) is up about 1.2%, while Costco Wholesale Corp (Symbol: COST) has decreased by 0.3%. Meanwhile, Tesla Inc (Symbol: TSLA) has seen a slight increase of approximately 0.2%. For a detailed overview of the ETF’s complete list of holdings, please visit the TQQQ Holdings page »

One-Year Price Performance and Moving Average

The chart below illustrates the one-year price performance of TQQQ compared to its 200-day moving average:

Examining the current trading data, TQQQ’s 52-week low stands at $48.80 per share, with a high of $93.7892. The latest trade recorded at $59.91 reflects a significant variance from both extremes. Analyzing the current share price in relation to the 200-day moving average provides additional technical insights for investors—learn more about the 200-day moving average ».

Understanding ETF Unit Trading

Exchange-traded funds (ETFs) operate similarly to traditional stocks, but instead of trading “shares,” investors trade “units.” These “units” can be actively bought and sold just like shares, yet they can also be created or destroyed to meet investor demand. Each week, we analyze changes in outstanding shares to identify ETFs with significant inflows, indicating new unit creation, or outflows, indicating unit destruction. The creation of new units necessitates the purchase of underlying holdings, while unit destruction requires selling those holdings. Thus, significant inflows or outflows can impact the individual components within the ETFs.

Click here to find out which nine other ETFs exhibited notable inflows »

Also see:

• UAPR Videos
• Institutional Holders of COPY
• Institutional Holders of ALMS

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