ProShares UltraPro QQQ (2024)

FAQs

What is ProShares UltraPro QQQ? ›

Key Takeaways. The ProShares UltraPro Short QQQ (SQQQ) is a 3x leveraged inverse ETF that tracks the Nasdaq 100. It seeks to return the exact results of the Nasdaq 100 index times negative three. This ETF follows the Nasdaq 100, which is heavily weighted toward technology and telecommunications stocks.

QQQ tracks the Nasdaq-100 Index passively, while TQQQ is highly levered. TQQQ seeks daily returns that are three times those of the QQQ (before fees and expenses.) QQQ experiences smaller price fluctuations and is considered to be less risky than TQQQ.

Largest shareholders include Jane Street Group, Llc, Susquehanna International Group, Llp, Susquehanna International Group, Llp, Citadel Advisors Llc, Citadel Advisors Llc, HCMGX - HCM Tactical Growth Fund Class A Shares, Flow Traders U.s. Llc, QQH - HCM Defender 100 Index ETF, Wolverine Trading, Llc, and Wolverine ...

Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $64.00.

While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target.

The QQQ ETF offers investors big rewards during bull markets, the potential for long-term growth, ready liquidity, and low fees. QQQ usually declines more in bear markets, has high sector risk, often appears overvalued, and holds no small-cap stocks.

Leveraged ETF prices tend to decay over time, and triple leverage will tend to decay at a faster rate than 2x leverage. As a result, they can tend toward zero.

In the past year, QQQ returned a total of 31.48%, which is higher than VOO's 27.14% return. Over the past 10 years, QQQ has had annualized average returns of 18.49% , compared to 12.72% for VOO. These numbers are adjusted for stock splits and include dividends.

Leverage risk

TQQQ's triple leverage can significantly magnify losses. As a result, it is a highly volatile investment and is generally considered unsuitable for long-term investing.

Invesco QQQ ETF. QQQ, also known as Invesco QQQ ETF, is a fund based on the Nasdaq-100 index. The fund has 101 non-financial holdings, of which the top 10 holdings largely include technology companies such as Apple, Microsoft, Amazon, Meta, and Tesla.

What is the oldest 3X ETF? ›

Direxion launched its first leveraged ETFs in 2008. In November 2008 the company was the first to offer ETFs with 3X leverage, a move that was copied some months later by its competitors ProShares and Rydex Investments.

Invesco QQQ is an exchange-traded fund (ETF) that features Apple, Google, Microsoft, and more. Invesco QQQ ETF tracks the Nasdaq-100® Index — giving you access to the performance of the 100 largest non-financial companies listed on the Nasdaq. The fund and the index are rebalanced quarterly and reconstituted annually.

The bottom line on ProShares UltraPro QQQ

The ProShares UltraPro QQQ is certainly a risky, volatile ETF that isn't for investors with a low level of risk tolerance. If the Nasdaq-100 has a particularly bad market crash, it's possible to lose almost all your money.

ProShares UltraPro QQQ (NASDAQ:TQQQ) shares are trading lower by 5.1% to $56.50 Tuesday morning. The leveraged ETF is falling after inflation for January 2024 dipped slightly but missed economists' forecasts.

TQQQ has a dividend yield of 1.08% and paid $0.70 per share in the past year. The dividend is paid every six months and the last ex-dividend date was Mar 20, 2024.

ProShares Ultra QQQ seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Index^®.

QQQ is an exchange traded fund (ETF) designed to correspond to the price and yield performance of the NASDAQ-100 Index, which consists of NASDAQ's largest 100 non-financial companies. QQQ currently trades at a value set by NASDAQ at approximately 1/40 th of the value of the NASDAQ-100 Index.

Triple quadrupole mass spectrometer (QqQ), a mass spectrometer comprising three consecutive quadrupoles. QQQ is the ticker symbol for Invesco QQQ, an exchange-traded fund (ETF) based on the Nasdaq-100 Index created by Invesco PowerShares. A Morse code signal for unknown attacker, used in conjunction with SOS.

QQQ - Volatility Comparison. The current volatility for SPDR S&P 500 ETF (SPY) is 2.74%, while Invesco QQQ (QQQ) has a volatility of 3.41%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure.