SQQQ Split History (2024)

FAQs

How many splits has SQQQ had? ›

NA (SQQQ) has 6 splits in our SQQQ split history database.

The SQQQ is meant to be held intraday and is not a long-term investment, where expenses and decay will quickly eat into returns.

Reverse splits also can diminish or force out small investors, who may not have enough shares to be consolidated. For example, if a company decided on a 1-for-50 reverse split, any holders of fewer than 50 shares wouldn't be offered a fractional new share. They would instead be paid cash for their shares.

Stocks that go through reverse splits often see renewed selling pressure afterward, and the number of companies that emerge from reverse splits to produce strong long-term returns is small. The short answer to the question, "Is a reverse stock split good?," is that it depends on the circ*mstances.

A 1-for-5 reverse stock split is to blame for the SQQQ ETF's seemingly high returns. In addition, the stock split became “effective prior to market open on January 13, 2022,” or this morning.

Investors should note that SQQQ's leverage resets on a daily basis, which results in compounding of returns when held for multiple periods.

SQQQ Max Pain

The Max Pain for SQQQ options expiring on May 17, 2024 (2 days) is $10.50.

Historically, SQQQ decays around 7-8% per month, though this would likely be around 4-5% per month during a flat market such as that experienced so far this year.

Designed by Proshares, SQQQ returns three times the opposite (-3x) of the Nasdaq-100's performance on any given trading day before fees and expenses. As with any leveraged ETF, SQQQ uses financial derivatives such as options and futures to multiply returns and losses.

Many times reverse splits are viewed negatively, as they signal that a company's share price has declined significantly, possibly putting it at risk of being delisted. The higher-priced shares following the split may also be less attractive to certain retail investors who prefer stocks with lower sticker prices.

Why do you lose money on a reverse split? ›

In some reverse stock splits, small shareholders are "cashed out" (receiving a proportionate amount of cash in lieu of partial shares) so that they no longer own the company's shares. Investors may lose money as a result of fluctuations in trading prices following reverse stock splits.

Selling before a reverse stock split is a good idea, but selling after the reverse stock split is not. Since you can sell before and after a reverse stock split, selling during one is optional. The main advantage of selling before the reverse stock split is that you don't have to wait around for it to happen.

Several of these studies allude to the notion that reverse stock splits might attract short selling activity. Kadiyala and Vetsuypens (2002) suggest that if reverse stock splits enhance liquidity, as documented in Han (1995), both the risk of a short squeeze and the opportunity cost of a short sale are lowered.

Reverse Stock Split Details:

Upon the effectiveness of the reverse stock split, every 20 shares of the Company's issued and outstanding shares of common stock will be combined into one issued and outstanding share of common stock.

Does it matter to buy before or after a stock split? If you buy a stock before it splits, you'll pay more per share than what it'll cost after it splits. If you're looking to buy into a stock at a cheaper price, you may want to wait until after the stock split.

UVXY's 12th split took place on April 11, 2024. This was a 1 for 5 reverse split, meaning for each 5 shares of UVXY owned pre-split, the shareholder now owned 1 share. For example, a 1.66666666666667e-06 share position pre-split, became a 3.33333333333334e-07 share position following the split.

Invesco QQQ Trust (QQQ) has 1 split in our QQQ split history database. The split for QQQ took place on March 20, 2000.

NA (TQQQ) has 7 splits in our TQQQ split history database.

SQQQ Dividend Information

SQQQ has a dividend yield of 9.71% and paid $1.04 per share in the past year. The dividend is paid every six months and the last ex-dividend date was Mar 20, 2024.