Notable ETF outflows: TQQQ, MELI, MDLZ, MRVL

Today, looking at the weekly performance of shares outstanding in the ETF universe covered at ETF Channel, one that stands out is the ProShares UltraPro QQQ (Symbol: TQQQ), where we saw an outflow of approximately $140.4 million – this represents a decrease of 0.5% week over week (from 318,300,000 to 316,700,000). Among TQQQ’s largest underlying components, MercadoLibre Inc (Symbol: MELI) is down about 0.9% in today’s trading, Mondelez International Inc (Symbol: MDLZ) is down about 3.3% and Marvell Technology Inc (Symbol: MRVL) is down about 3.3% about 3%. For a full list of holdings, visit the TQQQ Holdings page » The chart below shows TQQQ’s one-year price performance compared to its 200-day moving average:

Looking at the chart above, TQQQ’s low point in its 52-week range is $44.60 per share, with $87.865 as its 52-week high – compared to a recent trade of 86.46 US dollars. Comparing the last stock price to the 200-day moving average can also be a useful technical analysis technique – learn more about the 200-day moving average ».

Free Report: Top 8%+ Dividends (Paid Monthly)