ProShares UltraShort QQQ company info

What does ProShares UltraShort QQQ do?
ProShares UltraShort QQQ (NYSEARCA:QID) is a leveraged exchange-traded fund (ETF) designed to offer returns that are three times the inverse of the daily performance of the NASDAQ-100 Index. This means if the NASDAQ-100 Index goes down, ProShares UltraShort QQQ aims to go up by roughly three times that amount, before fees and expenses. It's traded on the New York Stock Exchange Arca with the symbol QID, focusing on investors looking for a way to profit from or hedge against declines in tech-heavy index performance. The objectives of ProShares UltraShort QQQ include providing sophisticated investors with leveraged inverse exposure to the NASDAQ-100 Index, which encompasses 100 of the largest non-financial companies listed on the NASDAQ stock market. Through its operations, ProShares UltraShort QQQ undertakes financial derivative transactions to achieve its investment goals, making it a strategic choice for investors seeking aggressive investment strategies in line with market downturns.
ProShares UltraShort QQQ company media
Company Snapshot

Is ProShares UltraShort QQQ a public or private company?

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Ownership
Public

How many people does ProShares UltraShort QQQ employ?

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Employees
155

What sector is ProShares UltraShort QQQ in?

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Sector
ETF

Where is the head office for ProShares UltraShort QQQ?

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Head Office
Bethesda, United States

What year was ProShares UltraShort QQQ founded?

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Year Founded
2006
What does ProShares UltraShort QQQ specialise in?
/Exchange Traded Fund /Leveraged Inverse /NASDAQ 100 Exposure /Short-term Trading /Capital Appreciation /Risk Management

What are the products and/or services of ProShares UltraShort QQQ?

Overview of ProShares UltraShort QQQ offerings
Leveraged inverse ETF designed to provide twice the opposite daily performance of the NASDAQ-100 Index.
Short-term trading tool for sophisticated investors seeking to profit from declines in tech-heavy index.
Offers hedging opportunities against NASDAQ-100 performance for portfolio risk management.
Daily rebalancing to maintain consistent exposure levels to the inverse performance of the NASDAQ-100.
Accessible through major brokerages, allowing for ease of trading and liquidity for investors.
Potential for high returns on investments due to leveraged inverse exposure, albeit with higher risk.