Large Outflow of Money Witnessed in ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (SQQQ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (0.75 million) in ProShares UltraPro Short QQQ (SQQQ). On Friday, The value of composite uptick trades was $1.42 million, whereas, the value of composite downtick trades was $2.18 million and the ratio between the two was 0.65, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1 million. $0.45 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.45. The negative money flow of ($0.55 million) shows selling on strength. ProShares UltraPro Short QQQ (SQQQ) gained $0.04 intraday at $15.78 and registrered 0.25% for the week.


ProShares UltraPro Short QQQ (NASDAQ:SQQQ): On Fridays trading session , Opening price of the stock was $15.71 with an intraday high of $15.855. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.5. However, the stock managed to close at $15.56, a loss of 1.14% for the day. On the previous day, the stock had closed at $15.74. The total traded volume of the day was 3,567,829 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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