Wanting as we speak at week-over-week shares excellent modifications among the many universe of ETFs lined at ETF Channel, one standout is the ProShares UltraPro Brief QQQ (Image: SQQQ) the place we have now detected an approximate $279.2 million greenback influx — that is a 14.1% improve week over week in excellent items (from 74,717,690 to 85,217,690).
The chart under exhibits the one 12 months worth efficiency of SQQQ, versus its 200 day transferring common:
Wanting on the chart above, SQQQ’s low level in its 52 week vary is $26.3141 per share, with $64.95 because the 52 week excessive level — that compares with a final commerce of $26.76. Evaluating the newest share worth to the 200 day transferring common can be a helpful technical evaluation method — learn more about the 200 day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Trade traded funds (ETFs) commerce identical to shares, however as an alternative of ”shares” traders are literally shopping for and promoting ”items”. These ”items” might be traded forwards and backwards identical to shares, however can 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 giant flows may affect the person elements held inside ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Additionally see:
WSBC Dividend Growth Rate
BIND Videos
SBPH Options Chain
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
