Symbols

PSQ

ProShares Short QQQ·NYSE

--(--)

Key Stats

Assets Under Management

693.01MUSD

Fund Flows (1Y)

308.78MUSD

Dividend Yield

4.92%

Discount/Premium to NAV

0.01%

Shares Outstanding

24.00M

Expense Ratio

0.95%

About ProShares Short QQQ

Issuer

ProShare Advisors

Brand

ProShares

Home Page

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

Inception Date

Jun 19, 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.

PSQ makes a straight bet against the popular QQQ ETF by providing inverse exposure to the NASDAQ-100 index — an index of 100 tech-heavy firms listed on NASDAQ that excludes financials. The fund uses a combination of swaps on the NASDAQ-100 ETF (QQQ), swaps on the index itself, and NASDAQ-100 futures to achieve this exposure. As with most inverse and leveraged products, PSQ is designed to provide this exposure on a daily basis, not as a long-term inverse bet against the index. Investors holding the fund for longer than a day will be exposed to the effects of compounding on returns, and will be unlikely to realize the stated exposure over extended periods of time.