Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) Sees Large Outflow of Money

ProShares UltraPro QQQ (NASDAQ:TQQQ) : Wednesdays money flow analysis of ProShares UltraPro QQQ (NASDAQ:TQQQ) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $75.66 million. In comparison, the inflow of money on upticks was a meager $71.35 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.31 million. The uptick to downtick ratio of 0.94 in the money flow shows weakness. The uptick block trades were valued at $5.76 million. The downtick transaction value was high at $4.65 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 1.24. Hence, the net money flow in the stock was negative ($1.11 million). ProShares UltraPro QQQ (NASDAQ:TQQQ) gained $4.71 at $93.06, a change of 5.33% over the previous days close.


ProShares UltraPro QQQ (NASDAQ:TQQQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $90.51 and $90.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $93.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $92.94, notching a gain of 5.20% for the day. The total traded volume was 4,342,965 . The stock had closed at $88.35 on the previous day.

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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