NASDAQ:SQQQ

31.65
1.07 (3.27%) 1d
0

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This summary was created by AI, based on 1 opinions in the last 12 months.

ProShares UltraPro Short QQQ (SQQQ-Q) is a leveraged exchange-traded fund designed to deliver three times the inverse performance of the Nasdaq-100 Index, represented by QQQ. Experts note that this fund caters to both traders and those seeking to hedge their portfolios against declines in the technology-heavy index. Due to certain platform restrictions, particularly on Canadian trading platforms where futures and options may not be available, SQQQ serves as a practical alternative for investors looking to bet against the QQQ. Its utility in hedging strategies cannot be overstated, especially in volatile market conditions where downside protection becomes increasingly paramount. The diverse functionalities of SQQQ make it a noteworthy instrument in the financial markets, particularly for those focused on managing risk effectively.

Consensus
Positive
Valuation
Fair Value
Similar
TZA
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.

DON'T BUY

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

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.

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ProShares UltraPro Short QQQ(SQQQ-Q) Rating

Ranking : 1 out of 5

Star iconStar empty iconStar empty iconStar empty iconStar empty icon

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

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, there was no coverage of ProShares UltraPro Short QQQ published on Stockchase.

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?

0 stock analysts 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 2025-04-25, ProShares UltraPro Short QQQ (SQQQ-Q) stock closed at a price of $31.65.