From Nasdaq, Inc.:

This week, we’re seeing a standout in ProShares UltraPro S&P500 with an approximate $270.6 million inflow, an 8.6% increase in outstanding units week over week. Among UPRO’s largest underlying components, Home Depot Inc is down 0.5%, Procter & Gamble Company is down 0.3%, and Costco Wholesale Corp is down 0.2%. The one year price performance of UPRO versus its 200 day moving average is also being analyzed.

Comparing UPRO’s low and high points in its 52 week range, its 52 week low is $31.08 per share and its high is at $55.4601. Currently, the last trade is at $55.41. Exchange traded funds (ETFs) trade like stocks, but instead of shares, investors are buying and selling units. Every week, we monitor the week-over-week change in shares outstanding data to look out for notable inflows or outflows.

Creation or destruction of UPRO units can affect the ETF’s underlying holdings – large inflows mean new units are created, requiring the purchase of underlying holdings, while large outflows involve the selling of underlying holdings. Click here to find out which 9 other ETFs had notable inflows.



Read more: ProShares UltraPro S&P500 Experiences Big Inflow