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NASDAQ:SQQQ

ProShares UltraPro Short QQQ (SQQQ) Price, Holdings, & News

$10.91
+0.51 (+4.90%)
(As of 03:58 PM ET)
Today's Range
$10.62
$11.00
50-Day Range
$10.28
$12.07
52-Week Range
$10.05
$32.73
Volume
171.66 million shs
Average Volume
133.73 million shs
Market Capitalization
$3.23 billion
Assets Under Management
$2.95 billion
Dividend Yield
9.44%
Net Expense Ratio
0.95%
SQQQ stock logo

About ProShares UltraPro Short QQQ (NASDAQ:SQQQ)

ProShares UltraPro Short QQQ ETF is an exchange-traded fund that gives investors leveraged inverse exposure to the Nasdaq-100 Index. The ETF aims to deliver three times the inverse daily performance of the index. ProShares, the parent company of ProShares UltraPro Short QQQ, is a leading ETF provider that offers strategic investment opportunities for investors seeking to manage risk or enhance returns.

ProShares UltraPro Short QQQ ETF is designed to benefit from declines in the Nasdaq-100 Index. It provides a vehicle for investors who anticipate short-term market volatility or wish to hedge their portfolios against downturns. By seeking daily investment results that correspond to three times the inverse performance of the Nasdaq-100 Index, it offers an opportunity for investors to profit from downward movements in the technology-heavy index.

The valuation of ProShares UltraPro Short QQQ ETF is primarily driven by market sentiment and the perceived risk in the technology sector. The price-to-earnings ratio or price-to-book ratio may not be appropriate metrics for evaluating an ETF, as they are better suited for analyzing individual companies. Instead, investors assess the fund's performance relative to the Nasdaq-100 Index and other short or inverse ETFs in the market.

Market conditions and fluctuations in the technology sector have influenced the recent stock performance of ProShares UltraPro Short QQQ ETF. The ETF has experienced significant price movements in response to investor sentiment and market volatility changes. For example, during periods of heightened market uncertainty or when technology stocks experience sharp declines, the ETF tends to see increased trading volume and potential price appreciation.

ProShares UltraPro Short QQQ ETF operates within the broader ETF industry, which has witnessed significant growth and popularity among investors. The ETF industry has provided investors with diverse investment opportunities, including leveraged and inverse ETFs like ProShares UltraPro Short QQQ. The technology sector, which the Nasdaq-100 Index represents, has been a key driver of market performance in recent years. However, the industry is subject to its own risks, including regulatory challenges and potential changes in investor sentiment.

ProShares UltraPro Short QQQ ETF presents growth opportunities for investors who anticipate short-term market volatility or seek to hedge their portfolios against potential downturns in the technology sector. The ETF can be used as a tactical trading instrument or as a strategic risk management tool. As the ETF aims to deliver three times the inverse performance of the Nasdaq-100 Index, it may provide investors with enhanced returns during a market decline.

Investing in ProShares UltraPro Short QQQ ETF comes with several risks and challenges. The ETF is designed to deliver inverse returns daily, which means that its performance may deviate significantly from the inverse performance of the Nasdaq-100 Index over more extended periods. This compounding effect can lead to unexpected outcomes for investors who hold the ETF for extended periods.

It's important to note that ProShares UltraPro Short QQQ ETF is a leveraged ETF that amplifies the daily returns by a factor of three. While leverage can enhance returns during periods of market decline, it can also magnify losses during market upswings. Therefore, investors must monitor their positions closely and clearly understand the risks associated with leveraged ETFs.

Furthermore, the ETF's performance is highly dependent on the performance of the Nasdaq-100 Index, which is heavily weighted toward the technology sector. The technology sector is known for its volatility and can experience significant price swings based on factors such as changes in investor sentiment, regulatory developments, or macroeconomic conditions. Any unexpected positive performance in the technology sector could lead to losses for ProShares UltraPro Short QQQ ETF investors.

The compounding effect of the ETF's daily returns can lead to what is known as "volatility drag" or "decay." This occurs when the ETF experiences multiple consecutive market gains or losses days. In such cases, the compounding effect may not accurately reflect the three times the index's inverse performance, resulting in potential underperformance compared to expectations.

Investors should also be aware of the ETF's daily rebalancing process. The ETF rebalances daily to maintain its targeted exposure, which may result in higher trading costs and potential tracking errors, especially during heightened market volatility.

The ETF industry is subject to regulatory oversight, and regulation changes could impact the operation and performance of ProShares UltraPro Short QQQ ETF. Investors should stay informed about regulatory developments affecting leveraged and inverse ETFs.

The ETF aims to provide inverse exposure to the technology sector, which is influenced by various factors, including changes in government policies, geopolitical events, and economic conditions. These external factors can impact the technology sector's performance and ProShares UltraPro Short QQQ ETF.

SQQQ Stock Price History

SQQQ ETF News Headlines

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ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Shares Down 4.7%
First Week of SQQQ May 3rd Options Trading
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Fund Details

Issuer
ProShares
Fund Name
ProShares UltraPro Short QQQ
Tax Classification
Regulated Investment Company
Current Symbol
NASDAQ:SQQQ
Inception Date
2/9/2010
Fund Manager
Michael Neches, Devin Sullivan
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
NASDAQ-100 Index
Category
Size and Style
Focus
Large Cap
Development Level
Developed Markets
Region
North America
Number of Holdings
120

Fund Statistics

Assets Under Management
$2.95 billion
Average Daily Volume
$132.23 million
Discount/Premium
0.02%
Leveraged
-3.00

Administrator, Advisor and Custodian

Administrator
J.P. Morgan Investor Services Co.
Advisor
ProShare Advisors LLC
Custodian
JPMorgan Chase Bank, N.A.
Distributor
SEI Investments Distribution Co.
Transfer Agent
JPMorgan Chase Bank, N.A.
Trustee
N/A
Lead Market Maker
Virtu Financial

Options

Optionable
Optionable
Options Volume
296,129
Put Options
41,066
Call Options
255,063
Short Interest
43,340,000 shs

Miscellaneous

Beta
-2.89
Creation Unit
50,000
Creation Fee
$250.00
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ProShares UltraPro Short QQQ Expenses

TypeSQQQLarge Cap ETFsEquity ETFsNASDAQ ETFsAll ETFs
Management Fee0.75%0.57%0.54%0.48%0.51%
Other Expenses0.25%0.29%0.54%0.34%0.58%
Total Expense1.00%0.64%0.70%0.58%0.70%
Fee Waiver-0.05%-0.19%-0.55%-0.22%-0.57%
Net Expense0.95%0.61%0.60%0.54%0.58%

ProShares UltraPro Short QQQ (SQQQ) Holdings

Top 10 SQQQ Holdings

  • NET OTHER ASSETS (LIABILITIES)
    Holding Weight: 0.00%
  • TREASURY BILL
    Holding Weight: 0.00%
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    Holding Weight: 0.00%
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    Holding Weight: 0.00%
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    Holding Weight: 0.00%
  • TREASURY BILL
    Holding Weight: 0.00%
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    Holding Weight: 0.00%
  • TREASURY BILL
    Holding Weight: 0.00%
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    Holding Weight: 0.00%
  • TREASURY BILL
    Holding Weight: 0.00%

SQQQ ETF - Frequently Asked Questions

How have SQQQ shares performed in 2024?

ProShares UltraPro Short QQQ's stock was trading at $13.45 at the start of the year. Since then, SQQQ shares have decreased by 18.6% and is now trading at $10.95.
View the best growth stocks for 2024 here
.

Are investors shorting ProShares UltraPro Short QQQ?

ProShares UltraPro Short QQQ saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 35,500 shares, a decline of 99.9% from the March 15th total of 45,750,000 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is currently 1.1 days.
View ProShares UltraPro Short QQQ's Short Interest
.

How often does ProShares UltraPro Short QQQ pay dividends? What is the dividend yield for ProShares UltraPro Short QQQ?

ProShares UltraPro Short QQQ declared a dividend on Tuesday, March 19th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.164 per share on Wednesday, March 27th. The ex-dividend date is Wednesday, March 20th.
Read our dividend analysis for SQQQ
.

What does SQQQ invest in?

ProShares UltraPro Short QQQ is a equity fund issued by ProShares. SQQQ focuses on large cap investments and follows the NASDAQ-100 Index. The fund's investments total to approximately $2.95 billion assets under management.

What is the management fee for ProShares UltraPro Short QQQ?

ProShares UltraPro Short QQQ's management fee is 0.75% and has other expenses of 0.25%. However, SQQQ has a fee waiver of -0.05% to reimburse the expenses. The net expense ratio for SQQQ is 0.95%.

When did ProShares UltraPro Short QQQ's stock split?

ProShares UltraPro Short QQQ's stock reverse split before market open on Thursday, January 13th 2022. The 1-5 reverse split was announced on Thursday, January 13th 2022. The number of shares owned by shareholders was adjusted after the market closes on Thursday, January 13th 2022. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What other stocks do shareholders of ProShares UltraPro Short QQQ own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ProShares UltraPro Short QQQ investors own include NVIDIA (NVDA), Tesla (TSLA), ProShares UltraPro QQQ (TQQQ), Block (SQ), Netflix (NFLX), Boeing (BA), Visa (V), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Who are ProShares UltraPro Short QQQ's major shareholders?

ProShares UltraPro Short QQQ's stock is owned by many different retail and institutional investors. Top institutional investors include Banque Cantonale Vaudoise (0.10%), Cullen Investment Group LTD. (0.01%) and Game Plan Financial Advisors LLC (0.00%).

How do I buy shares of ProShares UltraPro Short QQQ?

Shares of SQQQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SQQQ) was last updated on 4/12/2024 by MarketBeat.com Staff

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