Key stats
About ProShares UltraShort QQQ
Home page
Inception date
Jul 11, 2006
Structure
Open-Ended Fund
Replication method
Synthetic
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.
ISIN
US74349Y8295
QID is a more aggressive version of its sibling fund PSQ. Both funds track the Nasdaq 100an index of 100 non-financial firms listed on the tech-heavy Nasdaqbut 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 willespecially in volatile marketsbe unlikely to realize the stated exposure over extended periods of time. The underlying index is rebalanced quarterly and reconstituted semi-annually.
Related funds
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QID assets under management is 296.00 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QID invests in bonds. See more details in our Analysis section.
QID expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
QID is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
Yes, QID pays dividends to its holders with the dividend yield of 14.64%.
QID shares are issued by ProShare Advisors LLC
QID follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 11, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.