• ProShares UltraPro Short QQQ (NASDAQ: SQQQ) is trading lower today as investors dump the U.S. treasury bills for higher-risk, higher-reward investments following a surge in treasury yields.

• SQQQ is a 3x-leveraged inverse ETF that tracks the Nasdaq-100. It has 31% exposure to June 2023 t-bills

• The impressive quarterly results from the likes of Microsoft Corporation (NASDAQ: MSFT), Meta Platforms Inc (NASDAQ: META), Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) served a significant boost to investor sentiment since last two weeks.

• Quite likely, Nasdaq-100 ETFs like Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), and Invesco NASDAQ 100 ETF (NASDAQ: QQQM) are trading in the green.

• The SQQQ ETF is ideal for investors with a bearish short-term outlook for nonfinancial equities and is trading lower by 47% YTD.

• Contrastingly, ProShares UltraPro QQQ (NASDAQ: TQQQ), a 3x daily long leverage to the NASDAQ-100 Index, ideal for investors with a bullish short-term outlook for nonfinancial equities, is trading up in the green, up over 64% YTD.

• The TQQQ ETF noted a $(1.2) billion fund outflow in the last three months and $(275) million in the previous five days. The SQQQ ETF saw an inflow of $2.59 billion in the previous three months and $753 million in the last five days.

• Price Action: SQQQ traded lower by 5.04% at $29.23 on the last check Friday.

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This article What's Going On With ProShares UltraPro Short QQQ ETF Today originally appeared on Benzinga.com

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