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Trying at this time at week-over-week shares excellent modifications among the many universe of ETFs lined at ETF Channel, one standout is the ProShares ProShares UltraPro Brief QQQ (Image: SQQQ) the place we’ve got detected an approximate $85.6 million greenback influx — that is a 9.0% enhance week over week in excellent items (from 47,421,230 to 51,671,230).
The chart under reveals the one 12 months value efficiency of SQQQ, versus its 200 day transferring common:
Trying on the chart above, SQQQ’s low level in its 52 week vary is $19.84 per share, with $58.20 because the 52 week excessive level — that compares with a final commerce of $19.93. Evaluating the newest share value to the 200 day transferring common can be a helpful technical evaluation method — learn more about the 200 day moving average ».
Trade traded funds (ETFs) commerce identical to shares, however as an alternative of ”shares” traders are literally shopping for and promoting ”items”. These ”items” could be traded forwards and backwards identical to shares, however can…