Wanting at this time at week-over-week shares excellent adjustments among the many universe of ETFs lined at ETF Channel, one standout is the ProShares UltraPro Brief QQQ (Image: SQQQ) the place we’ve got detected an approximate $326.8 million greenback outflow — that is a 13.0% lower week over week (from 74,370,110 to 64,667,690).
The chart beneath exhibits the one yr value efficiency of SQQQ, versus its 200 day shifting common:
Wanting on the chart above, SQQQ’s low level in its 52 week vary is $31.37 per share, with $84 because the 52 week excessive level — that compares with a final commerce of $34.88. Evaluating the newest share value to the 200 day shifting common may also be a helpful technical evaluation approach — learn more about the 200 day moving average ».
Trade traded funds (ETFs) commerce similar to shares, however as an alternative of ”shares” buyers are literally shopping for and promoting ”items”. These ”items” could be traded forwards and backwards similar to shares, however may also be created or destroyed to accommodate investor demand. Every week we monitor the week-over-week change in shares excellent knowledge, to maintain a lookout for these ETFs experiencing notable inflows (many new items created) or outflows (many aged items destroyed). Creation of latest items will imply the underlying holdings of the ETF must be bought, whereas destruction of items entails promoting underlying holdings, so massive flows can even affect the person parts held inside ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additionally see:
EYEN Insider Buying
Institutional Holders of NSEC
ESND shares outstanding history
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
