SQQQ's Silent Killer: How Daily Resets Have Erased 99.97% Since Launch

If you bought ProShares UltraPro Short QQQ (NASDAQ:SQQQ) a year ago to hedge a tech selloff, your bet against the Nasdaq-100 has cost you most of your money.

24/7 Wall Street • Jun 20, 2026

Kevin Davitt on NDX "Smart Money" & Index Rally Trends

There's been a lot of upbeat change in the Nasdaq since the last time Kevin Davitt (@nasdaq) appeared on our network in March. He examines the index's outperformance over recent years and how it compares to historical trends.

A Nasdaq Comeback

After a long wait, tech stock investors have plenty to cheer about. It took a whopping 167 days, but the Nasdaq-100 index last week surpassed its previous closing high from back in October 2025 while also racking up its longest daily positive streak since 1992.

ETF Trends • Apr 23, 2026

SQQQ Is Not A Portfolio Solution To Uncertainty In Iran

Current NDX forward valuations are near 10- and 30-year averages, removing the overvaluation thesis for aggressive short bets. Market behavior suggests geopolitical shocks are already partially priced in, reducing the likelihood of sudden, sustained NDX declines. Leveraged inverse ETFs like SQQQ remain tactical tools, but absent a clear negative catalyst, holding them now is not justified, in my opinion.

Seeking Alpha • Apr 10, 2026

SQQQ Profits When Tech Drops, But the Math Gets Ugly After a Few Days

SQQQ exists to profit when the Nasdaq-100 falls. It's a 3x inverse leveraged ETF, meaning if the Nasdaq drops 1% in a day, ProShares UltraPro Short QQQ ( NASDAQ:SQQQ ) aims to rise roughly 3%.

24/7 Wall Street • Feb 17, 2026

SQQQ: How To Convert Nasdaq Drawdowns Into Leveraged Profits

ProShares UltraPro Short QQQ ETF is a 3x inverse-leveraged tool for amplifying Nasdaq-100 declines, not a long-term investment. SQQQ holds only cash and equivalents, relying entirely on swap agreements for leverage, with a 0.95% expense ratio and high risk of rapid losses. Effective SQQQ use demands precise technical timing—MACD on the NDX is recommended for entry and exit signals, not SQQQ itself.

Seeking Alpha • Feb 6, 2026

Leveraged ETF Drift Watch List And Focus On SQQQ

ProShares UltraPro Short QQQ ETF offers -3x daily exposure to the Nasdaq 100, catering to short-term traders and tactical hedgers. SQQQ experiences path-dependent drift, with slightly positive monthly and yearly drifts in recent history, but is vulnerable to steep decay in volatile, non-trending markets. Technical analysis and trading signals should be based on the underlying index (or QQQ), not SQQQ, due to drift-induced price noise.

Seeking Alpha • Jan 2, 2026

Caution: S&P 500 Is Nearing The Old Highs, Be Prepared

The S&P 500 is approaching previous highs, prompting caution due to historical tendencies for pullbacks at such levels. Sharp recent rallies and a low VIX suggest market complacency, increasing the risk of a short-term retreat before new highs are reached.

Seeking Alpha • Dec 1, 2025

AXS Investments Loads Up on 213,000 SQQQ Shares

Acquired 213,447 shares, estimated at ~$3.25 million based on the quarterly average price as of Q3 2025 Transaction value represents 1.4% of 13F reportable assets under management Post-trade stake: 213,447 shares valued at $3.25 million The position accounts for 1.4% of fund AUM, placing it outside the fund's top five holdings

The Motley Fool • Nov 6, 2025

SQQQ: A Strategy For A Nasdaq At Its Highs

ProShares UltraPro Short QQQ ETF is an ultrashort ETF with inverse leverage (-3x) on the Nasdaq-100. It is not a hedge instrument: it is not suitable for passive inclusion in a portfolio due to the inverse leverage decay effect. However, it can be used as a trading tool, but even here, decay plays negatively, especially in contrarian strategies or after a Nasdaq-100 dump.

Seeking Alpha • Oct 11, 2025