ProShares UltraPro QQQ (TQQQ) : The value of composite uptick trades was $40.58 million, whereas, the value of composite downtick trades was $43.08 million. The uptick to downtick ratio stood at 0.94 with a negative money flow of ($2.49) Million during Thursdays trading session. The block trades money flow was negative ($1.64 million).The uptick to the downtick ratio of 0.42 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.19 million. The transaction of the trades on downticks amounted to $2.83 million, which confirms investors selling on the strength of price. ProShares UltraPro QQQ (TQQQ) gained 140 cents at $107.76, an increase of 1.32% over the previous days close.
The stock has recorded a 20-day Moving Average of 11.74% and the 50-Day Moving Average is 11.35%.
ProShares UltraPro QQQ (NASDAQ:TQQQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $108.47 and $107.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $108.52, notching a gain of 2.03% for the day. The total traded volume was 2,289,668 . The stock had closed at $106.36 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.