The Direxion Daily S&P 500 Bear 3X Shares ETF (SPXS) is comparatively less risky but may offer less reward.
Despite fundamental and technical reasons to short the market, it's best not to short the ProShares UltraPro Short QQQ ETF currently. SQQQ has declined about 20% since the initial recommendation, highlighting the difficulty of timing the market correctly. The market can rise for numerous unpredictable reasons, making it risky to bet against it.
April 9th, 2024 saw a historic 12.2% Nasdaq rally, signaling potential volatility and further declines in high-flying tech stocks. The ProShares UltraShort QQQ ETF is a leveraged fund designed for short-term tactical trading, not long-term holding. Historical patterns suggest large single-day Nasdaq gains often precede further market declines, akin to the dot-com era.
![]() SQQQ 6 months ago Paid | Quarterly | $0.82 Per Share |
![]() SQQQ 9 months ago Paid | Quarterly | $0.75 Per Share |
![]() SQQQ 26 Jun 2024 Paid | Quarterly | $0.8 Per Share |
![]() SQQQ 20 Mar 2024 Paid | Quarterly | $0.82 Per Share |
![]() SQQQ 20 Dec 2023 Paid | Quarterly | $1.41 Per Share |
![]() SQQQ 6 months ago Paid | Quarterly | $0.82 Per Share |
![]() SQQQ 9 months ago Paid | Quarterly | $0.75 Per Share |
![]() SQQQ 26 Jun 2024 Paid | Quarterly | $0.8 Per Share |
![]() SQQQ 20 Mar 2024 Paid | Quarterly | $0.82 Per Share |
![]() SQQQ 20 Dec 2023 Paid | Quarterly | $1.41 Per Share |
NASDAQ (NMS) Exchange | US Country |
The fund is designed to offer investors exposure to the 100 largest domestic and international non-financial companies listed on The Nasdaq Stock Market, based on market capitalization. Managed by ProShare Advisors, it employs financial instruments to aim for daily returns that align with its Daily Target, within a non-diversified fund structure. This strategic focus caters to investors seeking to capitalize on the performance of leading technology and biotech companies, among other sectors, within the Nasdaq.
This strategy is aimed at achieving daily returns that match the fund's predetermined Daily Target. By leveraging various financial instruments, ProShare Advisors seeks to closely align the day-to-day fund performance with its goals, making it an appealing choice for investors aiming for specific daily outcomes.
Investors gain exposure to a portfolio consisting of the 100 largest non-financial companies on the Nasdaq based on market capitalization. This includes a diverse range of leading technology and biotech companies, offering a unique blend of growth potentialities within these dynamic sectors.