SQQQ ProShares UltraPro Short QQQ

Price $15.02
Today's Change -0.16 (-1.05%)
Today's Volume 4.5 M
4:00pm (ET) 07/28/16

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 ProSharesa trading tool as opposed to an investment vehicle 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
Performance [as of 07/27/16] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
SQQQ-23.83%-16.89%-16.89%-29.58%-45.69%-46.21%--
SQQQ (NAV)-29.49%-20.77%-18.82%-32.80%-46.02%-47.24%--
NASDAQ-100 Index--------------
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

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of 07/28/16. 07/28/16 is rated a SQQQ out of 5.

SQQQ Summary Data

ProShares
02/09/10
$555.12 M

SQQQ Index Data

NASDAQ-100 Index
Tiered
NASDAQ - Listed

SQQQ Fund Structure

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

SQQQ Tax Exposures

20.00% / 39.60%
--
No

SQQQ Tradability

6,742,763
6,149,524
$105.38 M
0%
0.57% / -1.07%
None
50,000
122.99
0.03%
78,479
$15.50