SQQQ, TSDD: Big ETF Outflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2024
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Source: NASDAQ.COM
ETF Outflows: The TSDD ETF experienced the largest outflow, losing 900,000 units, which is a 40.0% decrease in outstanding units compared to the previous week.
Market Commentary: The views expressed regarding the ETF market do not necessarily reflect those of Nasdaq, Inc.
Analyst Views on SQQQ
Wall Street analysts forecast SQQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SQQQ 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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0 Sell
Current: 66.470
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Current: 66.470
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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.
