SQQQ ProShares UltraPro Short QQQ

Price $20.14
Today's Change 0.31 (1.56%)
Today's Volume 11.58 M
3:55pm (ET) 04/29/16

SQQQ Fund Description

The ProShares UltraPro Short QQQ provides 3x inverse exposure to a modified market-cap-weighted index of 100 of the largest nonfinancial issues listed on the NASDAQ.

SQQQ FactSet Analytics Insight

SQQQ is the most aggressive of the 3 ProSharesSQQQ is designed to provide this exposure daily funds providing inverse exposure to the NASDAQ-100. The fund provides geared inverse (-3x) exposure to the Nasdaq-100—a 100-company index of firms listed on the tech-heavy NASDAQ that excludes financials. To provide this exposure, the fund uses swaps on the popular NASDAQ-100 ETF QQQ, swaps on the index itself and futures. As with most inverse and leveraged products, SQQQ is designed to provide this exposure daily, not over long time horizons. As such, anyone holding the fund for longer than a day will be exposed to the effects of compounding on returns and will—especially in volatile markets—be unlikely to realize the stated exposure over time. This effect is magnified as you add leverage. More than $300M is currently invested in the fund, and over $100M trades most days, which speaks to the fund’s utility as a trading tool as opposed to an investment vehicle. It also explains why so many seem willing to stomach the steep expense ratio of the fund.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 04/28/16] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
SQQQ1.12%-16.72%6.33%-15.65%-46.11%-44.37%--
SQQQ (NAV)1.12%-16.60%6.10%-15.68%-46.11%-44.34%--
NASDAQ-100 Index0.88%4.61%-4.62%-2.12%16.87%14.06%10.92%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.
Average Spread
Premium/Discount
Volume

SQQQ FactSet Analytics Block Liquidity

As of 04/29/16
5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of SQQQ. SQQQ is rated a 5 out of 5.

SQQQ Summary Data

ProShares
02/09/10
Open-Ended Fund
0.95%
$543.6 M

SQQQ Portfolio Data

0%
06/22/16

SQQQ Index Data

NASDAQ-100 Index
Tiered
NASDAQ - Listed
N/A

SQQQ Fund Structure

Yes
No
0% / 100%
N/A
N/A
Low
-3x
Daily

SQQQ Tax Exposures

20.00% / 39.60%
--
No

SQQQ Tradability

7,649,613
$149.07 M
7,180,861
$143.61 M
0.05%
0%
0.57% / -1.07%
None
50,000
143.62
0.03%
67,173
$19.83
5