Symbols

SQQQ

ProShares UltraPro Short QQQ·NASDAQ

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Key Stats

Assets Under Management

2.76BUSD

Fund Flow (1Y)

2.89BUSD

Dividend Yield

5.99%

Discount / Premium to NAV

0.25%

Shares Outstanding

33.50M

Expense Ratio

0.95%

About ProShares UltraPro Short QQQ

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/leveraged-and-inverse/sqqq

Inception Date

Feb 9, 2010

Structure

Open-Ended Fund

Index Tracked

NASDAQ-100 INDEX

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

SQQQ is an aggressive take on the large-cap space by providing geared inverse (-3x) exposure to the NASDAQ-100 index — an index of 100 tech-heavy firms listed on NASDAQ that excludes financials. To provide this exposure, the fund uses swaps on the popular NASDAQ-100 ETF (QQQ), swaps on the index itself, and futures. As with most inverse and leveraged products, SQQQ is designed to provide this exposure on a daily basis, not over long time horizons. Holding the fund for longer than a day opens the door to the effects of compounding on returns and will be unlikely to realize the stated -3x inverse exposure over time especially in volatile markets.