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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 28, 2024, SQQQ stock price climbed to $10.48 with 71,062,182 million shares trading.
SQQQ has a beta of -3.61, meaning it tends to be less sensitive to market movements. SQQQ has a correlation of 0.82 to the broad based SPY ETF.
SQQQ has a market cap of $3.06 billion. This is considered a Mid Cap stock.
In the last 3 years, SQQQ stock traded as high as $70.60 and as low as $10.05.
SQQQ has underperformed the market in the last year with a price return of -65.1% while the SPY ETF gained +33.6%. SQQQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.5% and -2.2%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
SQQQ support price is $10.10 and resistance is $10.70 (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 stock will trade within this expected range on the day.