ProShares UltraPro QQQ (TQQQ) experienced a $603.2 million outflow, a 2.2% decrease in shares outstanding. Tesla Inc (TSLA) rose 0.3%, Costco Wholesale Corp (COST) fell 0.1%, and Advanced Micro Devices Inc (AMD) dropped 0.1%. The one-year price performance of TQQQ versus its 200-day moving average is shown in the chart.

ETFs trade like stocks, with investors buying and selling units. Changes in shares outstanding indicate inflows or outflows. Creation of new units requires purchasing underlying holdings, while destruction involves selling them. Check out which other 9 ETFs experienced notable outflows this week.

For more financial news and insights, visit ETF Channel, Energy Stock Channel, Holdings Channel, and Stock Options Channel. The author’s views and opinions may differ from those of Nasdaq, Inc.

Read more at Nasdaq: TQQQ, TSLA, COST, AMD: ETF Outflow Alert