ProShares UltraPro Short QQQ (SQQQ) has announced a 1-for-5 reverse stock split. As a result of the reverse stock split, each SQQQ share will be converted into the right to receive 0.20 (New) ProShares UltraPro Short QQQ shares. The reverse stock split will become effective before the market open on August 18, 2020.

Did Qid reverse split?

ProShares UltraShort QQQ (QID) has announced a 1-for-4 reverse stock split. As a result of the reverse stock split, each QID share will be converted into the right to receive 0.25 (New) ProShares UltraShort QQQ shares. The reverse stock split will become effective before the market open on January 21, 2021.

Is SQQQ a good buy now?

Overall, SQQQ best serves as a very specific and small satellite holding in an aggressive investor's portfolio. It is probably best used as a countercyclical buy for those who are convinced large-cap stocks will suffer in the very near future.