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 April 11, 2025, SQQQ stock price declined to $36.22 with 131,735,582 million shares trading.

SQQQ has a beta of -3.79, meaning it tends to be less sensitive to market movements. SQQQ has a correlation of 0.88 to the broad based SPY ETF.

SQQQ has a market cap of $2.42 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 price return of -24.9% while the SPY ETF gained +4.5%. However, in the short term, SQQQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.3% vs -7.7% return in SPY. But in the last 2 weeks, SQQQ shares have been beat by the market, returning -5.4% compared to an SPY return of -3.9%.

SQQQ support price is $35.76 and resistance is $40.66 (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.