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

ProShares UltraPro QQQ (TQQQ) : The total money flow in ProShares UltraPro QQQ (TQQQ) was negative ($5.85 million), which signals selling by the traders on Mondays session. They trimmed their holdings by selling the stock on downticks to the tune of $47 million. In comparison, the inflow of money into the stock on upticks was $41.16 million. The uptick to downtick ratio was 0.88. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $8.05 million. The negative money flow of ($8.05 million) confirms the selling in ProShares UltraPro QQQ (TQQQ) on strength. ProShares UltraPro QQQ (TQQQ) gained $0.23 at $124.06, a gain of 0.19% over the previous days close. However, the stock registered 1.04% in the week.


Shares of ProShares UltraPro QQQ rose by 2.64% in the last five trading days and 16.41% for the last 4 weeks. ProShares UltraPro QQQ is up 32.08% in the last 3-month period. Year-to-Date the stock performance stands at 9.97%.

ProShares UltraPro QQQ (NASDAQ:TQQQ): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $124.50 and $124.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $126.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $125.62, notching a gain of 1.26% for the day. The total traded volume was 1,192,766 . The stock had closed at $124.06 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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