NASDAQ:SQQQ

29.07
0.50 (1.69%) 1d
0
Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Experts have mixed opinions on the ProShares UltraPro Short QQQ (SQQQ-Q) ETF. One expert finds it useful for trading and hedging, especially for Canadian platforms that don't allow access to futures and options on futures. However, another expert expresses a dislike for inverse ETFs and prefers put options for trading. Overall, the ETF appears to have both proponents and detractors in the expert community.

Consensus
Mixed
Valuation
Fair Value
TRADE

He uses the QQQ in 2 ways -- for trading and for hedging. The SQQQ is a short on the QQQ -- useful for Canadian platforms that don't allow you to get into futures and options on futures.

E.T.F.'s
DON'T BUY

Dislikes inverse ETFs which are too risky. Would rather do put options. 

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 UltraPro Short QQQ(SQQQ-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for ProShares UltraPro Short QQQ 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 UltraPro Short QQQ(SQQQ-Q) Frequently Asked Questions

What is ProShares UltraPro Short QQQ stock symbol?

ProShares UltraPro Short QQQ is a American stock, trading under the symbol SQQQ-Q on the NASDAQ (SQQQ). It is usually referred to as NASDAQ:SQQQ or SQQQ-Q

Is ProShares UltraPro Short QQQ a buy or a sell?

In the last year, 1 stock analyst published opinions about SQQQ-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ProShares UltraPro Short QQQ.

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

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

Why is ProShares UltraPro Short QQQ 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 UltraPro Short QQQ worth watching?

1 stock analyst on Stockchase covered ProShares UltraPro Short QQQ In the last year. It is a trending stock that is worth watching.

What is ProShares UltraPro Short QQQ stock price?

On 2024-12-13, ProShares UltraPro Short QQQ (SQQQ-Q) stock closed at a price of $29.07.