QID

ProShares UltraShort QQQ

$20.92

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The ProShares UltraShort QQQ (QID) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Nasdaq-100 Index.

Overview

ETF tracking ProShares UltraShort QQQ

Category Inverse

Issuer ProShares

Inception Date 2008-11-12

Market Cap $311.7M

Average Volume N/A

Dividend Yield 6.72%

52-Week Range $19.20 - $47.46

VWAP $20.92

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares UltraShort QQQ (QID) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the Nasdaq-100 Index.

🎯 Investment Strategy

QID uses swaps, futures contracts, and other derivative instruments to provide leveraged inverse exposure to the Nasdaq-100 Index. The fund aims to generate gains when the underlying index declines in value.

✨ Key Features

Provides 2x inverse (short) exposure to the Nasdaq-100 Index
Designed for short-term, speculative trading rather than long-term investment
Utilizes derivatives to achieve its leveraged inverse objective
Has low assets under management and no performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large tracking error and deviation from the target index performance
Increased volatility and risk of losses compared to the underlying index
Risks associated with the use of derivatives, including counterparty risk

👤 Best For

QID is intended for experienced, risk-tolerant investors who seek to profit from short-term declines in the Nasdaq-100 Index. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.