SQQQ Stock Summary and Trading Ideas (ProShares Ultrapro Short QQQ | NASDAQ:SQQQ)

ProShares UltraPro Short QQQ seeks daily investment results before fees and expenses that correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index .

ProShares Ultrapro Short QQQ trades on the NASDAQ stock market under the symbol SQQQ.

As of March 6, 2025, SQQQ stock price climbed to $35.17 with 87,941,132 million shares trading.

SQQQ has a beta of -4.04, meaning it tends to be less sensitive to market movements. SQQQ has a correlation of 0.87 to the broad based SPY ETF.

SQQQ has a market cap of $2.16 billion. This is considered a Mid Cap stock.

In the last 3 years, SQQQ traded as high as $347.75 and as low as $26.21.

SQQQ has underperformed the market in the last year with a return of -31.4%, while SPY returned +14.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SQQQ shares. However, SQQQ has outperformed the market in the last 3 month and 2 week periods, returning +18.5% and +33.2%, while SPY returned -5.3% and -6.6%, respectively. This indicates SQQQ has been having a stronger performance recently.

SQQQ support price is $31.14 and resistance is $33.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SQQQ shares will trade within this expected range on the day.