Cigna Corp vs ProShares UltraPro Short QQQ ETF — how do they compare? Cigna Corp trades at $273 (market cap $73.56B), while ProShares UltraPro Short QQQ ETF trades at $37.43. The key difference: Cigna Corp pays a 2.24% dividend while ProShares UltraPro Short QQQ ETF pays none, and Cigna Corp is trading nearer its 52-week high, ProShares UltraPro Short QQQ ETF nearer its low. Which is the better fit depends on your goals.
| CI | SQQQ | |
|---|---|---|
Market Cap | $73.56B | — |
Sector | Health | Leveraged / Inverse |
52-Week High | $311.00 | $92.95 |
52-Week Low | $244.41 | $36.31 |
Enterprise Value | $98.27B | — |
Dividend Yield | 2.24% | — |
Trailing returns across standard periods
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services were greatly expanded by its 2018 merger with Express Scripts and are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 15 million medical members covered as of the end of 2020, but its services extend internationally, covering another 2 million people.
Read more on CI →SQQQ is a leveraged inverse ETF that seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Nasdaq-100 Index. It is a tactical trading tool designed for sophisticated investors to profit from or hedge against declines in large-cap technology and growth stocks. Due to its daily reset and the effects of compounding, it is intended for short-term use and carries significant risk if held during periods of high market volatility.
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