Large Outflow of Money Witnessed in ProShares UltraPro Short QQQ

ProShares UltraPro Short QQQ (SQQQ) : Net money flow in ProShares UltraPro Short QQQ (SQQQ) was negative ($0.83 million) and the inflow of money on uptick was $3.58 million, whereas, the outflow of money on downticks amounted to $4.41 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.81. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.13 million. On the other hand, the total value of block trades done on downticks was $0.87 million. The ratio of uptick to downtick block trades was 0.15. The money flow in block trades was negative ($0.74). ProShares UltraPro Short QQQ (SQQQ) gained $0.1 cent during the day and reached $13.54, a gain of 0.74% over the previous day.


ProShares UltraPro Short QQQ has lost 1.62% in the last five trading days and dropped 6.18% in the last 4 weeks. ProShares UltraPro Short QQQ has dropped 30.09% during the last 3-month period . Year-to-Date the stock performance stands at -28.36%.

ProShares UltraPro Short QQQ (NASDAQ:SQQQ): stock was range-bound between the intraday low of $13.35 and the intraday high of $13.5789 after having opened at $13.39 on Wednesdays session. The stock finally closed in the red at $13.39, a loss of -0.60%. The stock remained in the red for the whole trading day. The total traded volume was 4,894,541 shares. The stock failed to cross $13.5789 in Wednesdays trading. The stocks closing price on Thursday was $13.44.

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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