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ProShares UltraPro Short QQQ

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About SQQQ

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market. The Fund invests in derivatives. It also invests in short-term cash instruments, which have a remaining maturity of 397 days or less and exhibit high quality credit profiles. The Fund's advisor is ProShare Advisors.

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What is SQQQ?

A bear market has its opportunities. If betting against the Nasdaq sounds interesting, read on. 

SQQQ is a leveraged inverse Exchange Traded Fund (ETF) also known as a short ETF. Designed by Proshares, SQQQ returns three times the opposite (-3x) of the Nasdaq-100’s performance on any given trading day before fees and expenses.

As with any leveraged ETF, SQQQ uses financial derivatives such as options and futures to multiply returns and losses. SQQQ’s performance is based on the Nasdaq-100’s performance on any given day, except inversely.

What is a short ETF?

A short ETF is a product that performs in the opposite way to the underlying index it is tracking.

For example, if the underlying index decreases by 2%, the 3x leveraged inverse ETF will result in a gain of 6%. If the underlying index increases 2% in one day, the 3x leveraged inverse ETF will lose 6%. 

A short ETF can be bought or sold on an exchange just like any stock.

How do traders use SQQQ?

SQQQ’s underlying index is the Nasdaq-100

This index contains, based on market cap, 100 of the largest domestic and international non-financial companies. Over 50% are in technology. Almost 20% are telecommunications stocks. And a sizable portion of the index is made of consumer discretionary and health care companies.

As SQQQ is an inverse ETF, intraday traders will invest when they expect the greater non-financial market, in particular Nasdaq-100 companies, to encounter difficulty.

Should I buy SQQQ?

In most cases, SQQQ ETF is used by financial advisers and professional investors. They thoroughly understand the inverse nature of short ETFs. More importantly, they understand both gains and losses are multiplied due to leverage.

SQQQ was not designed to be a passive, long-term investment. It was designed by ProShares as a short-term trading vehicle for high-reward gains. Because of this, SQQQ can pose high risks.

SQQQ is meant to be bought and sold intraday. As per ProShares’ SQQQ fact sheet:

"Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product."

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Yes, the Stake platform allows you to buy SQQQ shares and over 12,000 stocks and ETFs across the ASX and Wall St.

One share of ProShares UltraPro Short QQQ is valued at $8.09.

The ticker symbol for ProShares UltraPro Short QQQ is SQQQ.

To buy SQQQ stocks in Australia you'll need to open an account with an investing platform like Stake.
To do so follow these steps:
  1. Sign up in minutes, all you need is some I.D.
  2. Choose Stake Wall St
  3. Deposit directly into your Stake wallet and you're ready to invest in SQQQ

The ProShares UltraPro Short QQQ 52-week high stock price is $23.34.

The ProShares UltraPro Short QQQ 52-week low stock price is $7.14.

This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

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