ProShares UltraPro Short QQQ Stock Forecast, Price & News

Wall Street analysts have given ProShares UltraPro Short QQQ a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but ProShares UltraPro Short QQQ wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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ProShares UltraPro Short QQQ saw a increase in short interest in May. As of May 28th, there was short interest totaling 15,210,000 shares, an increase of 23.1% from the May 13th total of 12,360,000 shares. Based on an average trading volume of 77,729,900 shares, the short-interest ratio is presently 0.2 days.
View ProShares UltraPro Short QQQ's Short Interest.

ProShares UltraPro Short QQQ's stock was trading at $126.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SQQQ shares have decreased by 92.1% and is now trading at $10.04.
View which stocks have been most impacted by COVID-19.

ProShares UltraPro Short QQQ's stock reverse split on Tuesday, August 18th 2020. The 1-5 reverse split was announced on Tuesday, August 4th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, August 17th 2020. An investor that had 100 shares of ProShares UltraPro Short QQQ stock prior to the reverse split would have 20 shares after the split.

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), Square (SQ), Netflix (NFLX), The Boeing (BA), Visa (V), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM) and The Walt Disney (DIS).

ProShares UltraPro Short QQQ trades on the NASDAQ under the ticker symbol "SQQQ."

ProShares UltraPro Short QQQ's stock is owned by many different institutional and retail investors. Top institutional investors include Citigroup Inc. (8.49%), B. Riley Financial Inc. (2.41%), HRT Financial LP (0.39%), Pinz Capital Management LP (0.25%), Intellectus Partners LLC (0.08%) and JPMorgan Chase & Co. (0.06%).

SQQQ stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Morgan Stanley, and HRT Financial LP.

SQQQ stock was bought by a variety of institutional investors in the last quarter, including Citigroup Inc., B. Riley Financial Inc., Pinz Capital Management LP, Intellectus Partners LLC, Jackson Hole Capital Partners LLC, Sowell Financial Services LLC, Captrust Financial Advisors, and SG Americas Securities LLC.

Shares of SQQQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SQQQ stock can currently be purchased for approximately $10.04.

ProShares UltraPro Short QQQ has a market capitalization of $1.69 billion.

The official website for ProShares UltraPro Short QQQ is www.proshares.com.

ProShares UltraPro Short QQQ is headquartered at 7501 Wisconsin Avenue Suite 1000 - East Tower, Bethesda, MD 20814, United States.