Symbols

QID

ProShares UltraShort QQQ·ARCA

--(--)

Key Stats

Assets Under Management

225.36MUSD

Fund Flows (1Y)

56.56MUSD

Dividend Yield

6.32%

Discount/Premium to NAV

-0.09%

Shares Outstanding

14.20M

Expense Ratio

0.95%

About ProShares UltraShort QQQ

Issuer

ProShare Advisors

Brand

ProShares

Home Page

https://www.proshares.com/our-etfs/leveraged-and-inverse/qid

Inception Date

Jul 11, 2006

Structure

Open-Ended Fund

Index Tracked

NASDAQ-100 INDEX

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

ProShare Advisors LLC

Distributor

SEI Investments Distribution Co.

QID is a more aggressive version of its sibling fund PSQ. Both funds track the Nasdaq 100—an index of 100 non-financial firms listed on the tech-heavy Nasdaq—but QID provides -2x exposure compared to PSQ's -1x. To do so, QID uses a combination of futures and swaps on QQQ and the Nasdaq-100 Index swaps. As with most inverse and leveraged products, QID is designed to provide its stated inverse exposure on a daily basis, not as a long-term inverse bet against the index. Anyone holding the fund for longer than a day will be exposed to the effects of compounding on returns, and will—especially in volatile markets—be unlikely to realize the stated exposure over extended periods of time. The underlying index is rebalanced quarterly and reconstituted semi-annually.