PGX, QQQU: Big ETF Inflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
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Source: NASDAQ.COM
ETF Inflows: The Direxion Daily Concentrated QS Bull 2x Shares ETF saw a significant increase in inflows, adding 400,000 units, which represents a 37.2% rise in outstanding units.
Market Performance: In morning trading, Tesla's stock rose by approximately 1.5%, while Nvidia's stock remained relatively unchanged.
Analyst Views on QQQU
Wall Street analysts forecast QQQU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 54.130
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Current: 54.130
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
