SQQQ

ProShares UltraPro Short QQQ

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 ProShares funds providing inverse exposure to the NASDAQNasdaq-100. The fund provides geared inverse (-3x) exposure to the Nasdaq-100—a 100-company index of firms listed on the tech-heavy NASDAQNasdaq that excludes financials. To provide this exposure, the fund uses swaps on the popular NASDAQNasdaq-100 ETF QQQ, swaps on the index itself, and futures. As with most inverse and leveraged products, SQQQ is designed to provide this exposure on a daily basis, not over long time horizons. Holding the fund for longer than a day opens the door to the effects of compounding on returns and will—especially in volatile markets—be unlikely to realize the stated -3x inverse exposure over time. This effect is magnified as you add leverage. The fund typically trades briskly, 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
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LAST 10 TRADES
TIMEPRICESHARES
16:07:4322.52260
15:59:5622.56100
15:59:3022.56100
15:59:3022.56100
15:59:3022.56300
15:59:2322.56138
15:59:2322.56100
15:59:1622.56220
15:59:1022.56100
15:58:4622.57100
Bats BZX Real-time Quote - 17:02:41
Daily Spread
Premium/Discount
Volume

SQQQ Factset Analytics Block Liquidity

As of 11/20/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SQQQ. SQQQ is rated a 5 out of 5.

SQQQ Summary Data

ProShares
02/09/10
Open-Ended Fund
0.95%
$554.56M
0.04%

SQQQ Portfolio Data

0.00%
12/26/17

SQQQ Index Data

NASDAQ-100 Index
Tiered
NASDAQ - Listed
N/A

SQQQ Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

SQQQ Tax Exposures

20% / 39.6%
--
No

SQQQ Tradability

5,615,538
$140.8M
4,974,774
$126.9M
0.04%
0.00%
0.19% / -0.38%
None
50,000
99.5
0.02%
34,933
$22.5
5