Large Inflow of Money Witnessed in ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (NASDAQ:SQQQ) : The money flow analysis of ProShares UltraPro Short QQQ (NASDAQ:SQQQ) indicates a $34.92 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $39 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.12 and so was the total money flow at $4.08 million. A solid up-down ratio of 2.52 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $10.28 million worth of block trades on upticks. Only $4.08 million worth of the stock exchanged hands on downticks. The money flow was $6.19 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of ProShares UltraPro Short QQQ (NASDAQ:SQQQ), pushing it down by -5.26% for the day. The stock slid $1.06 and traded at $19.11 during the day. Nonetheless, the stock is -6.09% over the previous weeks close.


ProShares UltraPro Short QQQ (NASDAQ:SQQQ): The stock opened at $19.69 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.72 for the day. The stock traded down to $18.98 during the day, due to lack of any buying support eventually closed down at $19.11 with a loss of -5.26% for the day. The stock had closed at $20.17 on the previous day. The total traded volume was 12,078,910 shares.

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles. The Funds advisor is ProShare Advisors.

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