Key Financial Movements and Insights
Looking at recent changes in shares outstanding among ETFs, a notable case is the ProShares UltraPro QQQ (Symbol: TQQQ). This ETF experienced an outflow of approximately $445.1 million, translating to a 1.9% decrease week-over-week, dropping from 330,900,000 to 324,700,000 shares. During today’s trading, Amgen Inc (Symbol: AMGN) saw a slight increase of about 0.3%, Intuit Inc (Symbol: INTU) rose by approximately 0.9%, and Comcast Corp (Symbol: CMCSA) gained around 0.4%. For a complete list of TQQQ’s holdings, visit the TQQQ Holdings page »
The chart below illustrates TQQQ’s price performance over the past year compared to its 200-day moving average:
In examining the chart, TQQQ’s price range over the past year shows a low of $30.47 per share and a high of $85.20. The most recent trade was at $72.92. Investors often compare the latest price with the 200-day moving average for further technical analysis—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) function similarly to stocks. Instead of “shares,” investors buy and sell “units.” These units can be traded like stocks and adjusted according to investor demand. Each week, we monitor the changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). The creation of new units necessitates purchasing the underlying assets of the ETF, while the destruction of units involves selling those holdings. Thus, large flows can influence individual components within ETFs.
Click here to find out which other ETFs experienced notable outflows »
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