Large Outflow of Money Witnessed in ProShares UltraPro QQQ

ProShares UltraPro QQQ (TQQQ) : Fridays money flow analysis of ProShares UltraPro QQQ (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 $17.9 million. In comparison, the inflow of money on upticks was a meager $15.93 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.97 million. The uptick to downtick ratio of 0.89 in the money flow shows weakness. The downtick transaction value was high at $2.21 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2.21 million). ProShares UltraPro QQQ (TQQQ) gained $2.43 at $124.51, a change of 1.99% over the previous days close.


ProShares UltraPro QQQ (NASDAQ:TQQQ): The stock opened at $124.25 and touched an intraday high of $124.99 on Friday. During the day, the stock corrected to an intraday low of $122.208, however, the bulls stepped in and pushed the price higher to close in the green at $123.51 with a gain of 1.17% for the day. The total traded volume for the day was 1,890,357. The stock had closed at $122.08 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *