RISKY BUY
Instead of shorting, you can own PSQ. But these are for active trading, rebalancing daily or weekly. If the Nasdaq falls, you make profits, but lose if the Nasdaq rallies. Careful. He expects volatility and therefore opportunity for this ahead. For trading only.
E.T.F.'s
TRADE
Up 28.9% YTD. Tricky. Even trickier when you get multiple inverse calculations. Should only be for short-term trades. The 1:1 ones tend to work a bit closer in terms of inverse returns.
E.T.F.'s
BUY
He's shorting the Nasdaq. He's bearish. As long the US dollar keeps going up.
E.T.F.'s
COMMENT
This shorts the QQQ ETF. He sold it Monday and regrets it. However, he has also sold QQQ. The idea here is to stay solvent and manage risk. He didn't want to bet on the inflation number Tuesday, because there's no way to predict it. Make money where you can make money and don't lose a lot of money.
E.T.F.'s
BUY
To protect yourself in a name like ARKK, you can buy the PSQ, which is the inverse of the QQQ.
E.T.F.'s
COMMENT
Ways to hedge against downturns.
E.T.F.'s
DON'T BUY
A reverse ETF. This would have been fine to buy a while ago but the market is groping for the bottom so not a good time to buy now. He is positive on the long term.
E.T.F.'s
COMMENT
This product has an inverse exposure to the Nasdaq which is good because the Nasdaq is expensive and is set for a major pullback. It is also for traders and he cautioned that it must be watched daily for overnight resets.
E.T.F.'s
COMMENT

SQQQ is triple leveraged while PSQ is a single leveraged. If you understand the leverage, SQQQ could be a way to leverage for the downside, but he would not recommend it. PSQ is a single inverse relationship that is one-to-one.

E.T.F.'s
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ProShares Short QQQ ETF(PSQ-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for ProShares Short QQQ ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ProShares Short QQQ ETF(PSQ-N) Frequently Asked Questions

What is ProShares Short QQQ ETF stock symbol?

ProShares Short QQQ ETF is a American stock, trading under the symbol PSQ-N on the NYSE Arca (PSQ). It is usually referred to as AMEX:PSQ or PSQ-N

Is ProShares Short QQQ ETF a buy or a sell?

In the last year, 3 stock analysts published opinions about PSQ-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ProShares Short QQQ ETF.

Is ProShares Short QQQ ETF a good investment or a top pick?

ProShares Short QQQ ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for ProShares Short QQQ ETF.

Why is ProShares Short QQQ ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ProShares Short QQQ ETF worth watching?

3 stock analysts on Stockchase covered ProShares Short QQQ ETF In the last year. It is a trending stock that is worth watching.

What is ProShares Short QQQ ETF stock price?

On 2023-02-03, ProShares Short QQQ ETF (PSQ-N) stock closed at a price of $12.82.