Wanting at this time at week-over-week shares excellent modifications among the many universe of ETFs coated at ETF Channel, one standout is the ProShares UltraPro Brief QQQ (Image: SQQQ) the place we have now detected an approximate $108.2 million greenback outflow — that is a 5.2% lower week over week (from 71,667,690 to 67,917,690).
The chart under exhibits the one yr value efficiency of SQQQ, versus its 200 day transferring common:
Wanting on the chart above, SQQQ’s low level in its 52 week vary is $27.2347 per share, with $64.95 because the 52 week excessive level — that compares with a final commerce of $27.79. Evaluating the newest share value to the 200 day transferring common may also be a helpful technical evaluation method — learn more about the 200 day moving average ».
Trade traded funds (ETFs) commerce similar to shares, however as a substitute of ”shares” traders are literally shopping for and promoting ”models”. These ”models” may be traded backwards and forwards 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 models created) or outflows (many elderly models destroyed). Creation of latest models will imply the underlying holdings of the ETF must be bought, whereas destruction of models includes promoting underlying holdings, so giant flows may also affect the person parts held inside ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additionally see:
Transportation Dividend Stock List
SHOT Options Chain
VNOM YTD Return
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
