SQQQ ProShares UltraPro Short QQQ

Price $13.51
Today's Change 0.25 (1.89%)
Today's Volume 5.47 M
4:00pm (ET) 09/23/16

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
Average Spread
Premium/Discount
Volume

SQQQ FactSet Analytics Block Liquidity

As of 09/23/16
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

02/09/10
Open-Ended Fund
0.95%
$645.24 M

SQQQ Portfolio Data

0%
09/21/16

SQQQ Index Data

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

5,715,461
$82.55 M
5,104,624
$72.79 M
0.07%
0%
0.57% / -1.07%
None
50,000
102.09
0.04%
67,875
$13.26
5