ProShares UltraPro QQQ Price & Performance (TQQQ)

Recent filings show Mariner LLC more than doubled its stake in ProShares UltraPro QQQ (TQQQ) during the fourth quarter, even as the ETF’s price dropped over 26% in the past month. TQQQ, which tracks triple the daily performance of the NASDAQ-100, has seen increased institutional interest amid heightened volatility.12

Multiple technical signals suggest a bearish outlook for TQQQ, with its current price of $45.16 far below key moving averages. Technical analysis rates the ETF as a sell, highlighting overvaluation and increased risk. The fund’s 52-week range spans from $35.00 to $93.79, underscoring recent sharp declines.34

Short interest in ProShares UltraPro Short QQQ (SQQQ) rose nearly 21% in March, with over 14 million shares now sold short. SQQQ, which gains value when the NASDAQ-100 falls, is trading well above its 52-week low, reflecting mounting investor caution amid ongoing tech sector volatility.56