ProShares Launches First 2x Daily Nasdaq-100 Top 30 Index ETF

ProShares launches ProShares Ultra QQQ Top 30 (QQXL), an ETF targeting 2x daily returns of the Nasdaq-100 Top 30 Index, focusing on 30 large and influential tech companies. The fund expands ProShares' $40 billion suite of leveraged and inverse ETFs linked to the Nasdaq-100. ProShares has been a leader in the ETF revolution since 2006, offering one of the largest lineups of ETFs.

ProShares, a leading provider of leveraged and inverse ETFs, has expanded its suite of Nasdaq-100-linked funds with the launch of ProShares Ultra QQQ Top 30 (QQXL). This new ETF is designed to target 2x the daily returns of the Nasdaq-100 Top 30 Index, which includes 30 of the largest and most influential tech companies on the Nasdaq-100. The fund aims to provide investors with a focused exposure to these market leaders.

ProShares CEO Michael L. Sapir commented on the launch, stating, "In recent years, market leadership has converged around a group of innovators—many in technology—who are redefining what’s possible, a trend that investors are eager to capture." With QQXL, investors can now target 2x the daily returns of these market leaders with the ease and convenience of a single ETF trade.

The Nasdaq-100 Top 30 Index features prominent tech companies such as Nvidia, Apple, Meta Platforms, and Palantir, which are driving innovation on a global scale. The index's weightings are as follows: Nvidia (13.40%), Apple (9.57%), Meta Platforms (4.91%), and Palantir (2.86%) [2].

ProShares has been at the forefront of the ETF revolution since 2006, managing over $90 billion in assets and offering one of the largest lineups of ETFs. The company is known for its innovative products, including dividend growth, high income, interest rate hedged bond, crypto-linked, and geared (leveraged and inverse) ETFs [1].

Geared ProShares ETFs, such as QQXL, seek daily investment results that correspond to a multiple of the daily performance of their underlying benchmark. While the funds have a daily investment objective, investors may hold shares for longer periods if they believe it aligns with their goals and risk tolerance. However, the fund's performance may deviate from its target, especially under extreme market conditions [2].

Investors should be aware of the risks associated with leveraged ETFs, including the potential for significant losses and higher volatility. ProShares ETFs are non-diversified and may concentrate investments in certain sectors, such as technology. Additionally, technology companies may face intense competition, obsolescence of existing technology, changing economic conditions, and government regulation [2].

Shares of any ETF are generally bought and sold at market price and are not individually redeemed from the fund. Investors should carefully consider the investment objectives, risks, charges, and expenses of ProShares before investing. Detailed information can be found in the summary and full prospectuses at ProShares.com [2].

References:
[1] https://www.businesswire.com/news/home/20250814666292/en/ProShares-Launches-First-ETF-to-Target-2x-Daily-Returns-of-Nasdaq-100-Top-30-Index
[2] https://www.stocktitan.net/news/QQXL/pro-shares-launches-first-etf-to-target-2x-daily-returns-of-nasdaq-u8zx3phps78l.html