Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro QQQ (TQQQ).
In other news, Costco Wholesale Corp (Symbol: COST) is down about 0.5%, and T-Mobile US Inc (Symbol: TMUS) is lower by approximately 0.6%.
For a complete list of holdings, visit the [TQQQ Holdings page](#).
The chart below shows the one-year price performance of TQQQ compared to its 200-day moving average:
Looking at the chart above, TQQQ’s low point in its 52-week range is $35 per share, with $115.29 as the 52-week high point. This compares with a last trade price of $114.89.
Comparing the most recent share price to the 200-day moving average can also be a useful technical analysis technique — learn more about the [200-day moving average](#).
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### Understanding ETF Units and Share Flows
Exchange traded funds (ETFs) trade just like stocks, but instead of “shares,” investors are actually buying and selling “units.” These units can be traded back and forth just like stocks, but they can also be created or destroyed to accommodate investor demand.
Each week, we monitor the week-over-week change in shares outstanding data to keep a lookout for ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
Creation of new units means the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings. Therefore, large flows can also impact the individual components held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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### Additional Resources
– Monthly Dividend Paying Stocks
– SPI Options Chain
– Institutional Holders of NAMM
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*The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.*
https://www.nasdaq.com/articles/noteworthy-etf-outflows-tqqq-nflx-cost-tmus
