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

ProShares UltraPro QQQ (TQQQ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (7.95 million) in ProShares UltraPro QQQ (TQQQ). On Thursday, The value of composite uptick trades was $69.73 million, whereas, the value of composite downtick trades was $77.68 million and the ratio between the two was 0.9, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0 million. $0.99 million was the block trade value on upticks. The negative money flow of ($0.99 million) shows selling on strength. ProShares UltraPro QQQ (TQQQ) gained $0.93 intraday at $99.1 and registrered 0.95% for the week.


The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 2.58%.

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 $98.61 and $97.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $99.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $99.10, notching a gain of 0.95% for the day. The total traded volume was 2,629,834 . The stock had closed at $98.17 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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