ProShares UltraPro Short QQQ

What ProShares UltraPro Short QQQ does

SQQQ is an aggressive take on the large-cap space by providing geared inverse (-3x) exposure to the NASDAQ-100 index an index of 100 tech-heavy firms listed on 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 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 be unlikely to realize the stated -3x inverse exposure over time especially in volatile markets.

Industry

ETF

Website

proshares.com

Ways to own ProShares UltraPro Short QQQ

There are 2 versions of this stock. Same company; they differ in cost and in when they trade.

• bStocksSQQQBOur pick

  Trades around the clock, from $1.

  Backing is reported by Binance. A public report link isn't available yet.

  $42.65

  Open 24/7

• OndoSQQQon

  Wider choice. Usually $20 minimum, and it can cost more when New York is closed.

  $44.49

  Closed until New York opens