Shares of ProShares UltraPro Short QQQ (SQQQ) Sees Large Inflow of Net Money Flow

ProShares UltraPro Short QQQ (SQQQ) : ProShares UltraPro Short QQQ (SQQQ) had a healthy money flow of $3.07 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $20.29 million, whereas, investors only sold shares worth $17.22 million on downticks. The stock closed the day with an up-down ratio of 1.18.The money flow in the block trades to the tune of $1.33 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $3.72 million worth of transactions were on upticks. A paltry $2.39 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.56. ProShares UltraPro Short QQQ (SQQQ) stock slid $0.26 intraday and traded at 16.5, a change of -1.55% over previous days close. However, for the week, the company shares are -3.23% compared to previous weeks close.


ProShares UltraPro Short QQQ has lost 10.81% in the last five trading days and dropped 9.39% in the last 4 weeks. ProShares UltraPro Short QQQ has dropped 9.44% during the last 3-month period . Year-to-Date the stock performance stands at -11.53%.

ProShares UltraPro Short QQQ (NASDAQ:SQQQ): On Tuesdays trading session , Opening price of the stock was $16.46 with an intraday high of $16.5699. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.36. However, the stock managed to close at $16.5, a loss of 1.55% for the day. On the previous day, the stock had closed at $16.76. The total traded volume of the day was 6,067,071 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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