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PSQ

Short QQQ

Investment Objective

ProShares Short QQQ seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100 Index®.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Daily Return during Q2 2024

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
PSQ Market Price -0.69% -6.45% -16.95% -6.45% -23.74% -12.28% -20.20% -18.23% -16.66% 06/19/2006
PSQ NAV -0.59% -6.44% -17.01% -6.44% -23.74% -12.31% -20.21% -18.23% -16.66% 06/19/2006

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker PSQ
  • Intraday Ticker PSQ.IV
  • CUSIP 74349Y837
  • Inception Date 6/19/06
  • Gross Expense Ratio 0.99%
  • Net Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 4/11/2024
  • NAV $43.75
  • NAV Change $-0.71 down caret
  • Market Price $43.77
  • Market Price Change $-0.70 down caret
  • Trading Volume (M) 7,941,607
  • 30-Day Median Bid Ask Spread 0.11%
  • View Premium / Discount
Snapshot
  • Ticker PSQ
  • Intraday Ticker PSQ.IV
  • CUSIP 74349Y837
  • Inception Date 6/19/06
  • Expense Ratio 0.95%
  • Gross Expense Ratio 0.99%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Price
as of 4/11/2024
  • NAV $43.75
  • NAV Change $-0.71 down caret
  • Market Price $43.77
  • Market Price Change $-0.70 down caret
  • Trading Volume (M) 7,941,607
  • 30-Day Median Bid Ask Spread 0.11%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/24.

Exposures

Index as of 12/29/2023

Holdings

as of 4/11/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
-- -- TREASURY BILL -- $24,926,784.75 25,000,000 BN71R38
-- -- TREASURY BILL -- $29,633,681.10 30,000,000 BSKSGH8
-- -- TREASURY BILL -- $29,760,291.60 30,000,000 BNKBFJ7
-- -- TREASURY BILL -- $123,402,326.30 125,000,000 BM8BYG2
-- -- TREASURY BILL -- $98,691,250.00 100,000,000 BRBP3C5
-- -- TREASURY BILL -- $49,549,208.50 50,000,000 BRXDCX1
-- -- TREASURY BILL -- $146,559,166.50 150,000,000 BRPT6R9
-- -- TREASURY BILL -- $98,996,625.00 100,000,000 BPRBH54
-- -- TREASURY BILL -- $49,714,988.50 50,000,000 BQGGYM3
-- -- NET OTHER ASSETS (LIABILITIES) -- $-85,820,677.65 -85,820,678 --
-4.45% -- NASDAQ 100 INDEX SWAP BARCLAYS CAPITAL CITIBANK NA -25,173,473 -- -1,375 --
-8.08% -- NASDAQ 100 INDEX SWAP BANK OF AMERICA NA -45,696,718 -- -2,496 --
-8.89% -- NASDAQ 100 INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC -50,237,097 -- -2,744 --
-9.15% -- NASDAQ 100 E-MINI EQUITY INDEX 21/JUN/2024 NQM4 INDEX -51,758,000 -- -140 --
-9.76% -- NASDAQ 100 INDEX SWAP JPMORGAN CHASE BANK NA -55,198,560 -- -3,015 --
-10.77% -- NASDAQ 100 INDEX SWAP SOCIETE GENERALE -60,892,341 -- -3,326 --
-11.18% -- NASDAQ 100 INDEX SWAP GOLDMAN SACHS INTERNATIONAL -63,235,763 -- -3,454 --
-11.35% -- NASDAQ 100 INDEX SWAP BNP PARIBAS -64,187,778 -- -3,506 --
-11.71% -- NASDAQ 100 INDEX SWAP CITIBANK NA -66,183,348 -- -3,615 --
-14.65% -- NASDAQ 100 INDEX SWAP UBS AG -82,838,630 -- -4,525 --

Index

as of 12/29/2023

  • Total Number of Companies101
  • Price/Earnings Ratio32.858
  • Price/Book Ratio7.447
  • Dividend Yield ( % )0.87
  • Avg. Index Market Capitalization$218.47 billion
About the Index

The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. Companies selected for inclusion are non-financial companies currently not in bankruptcy proceedings with appropriate trading volumes and adjusted market capitalization. 

Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to -1x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Short ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks rise. Please see their summary and full prospectuses for a more complete description of risks.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

"Nasdaq,®" "Nasdaq-100,®" "Nasdaq-100 Index®" and "QQQ®" are trademarks of The Nasdaq OMX Group, Inc. and have been licensed for use by ProShares. ProShares have not been passed on by Nasdaq OMX or its affiliates as to their legality or suitability. ProShares based on Nasdaq indexes are not sponsored, endorsed, sold or promoted by Nasdaq OMX or its affiliates, and they make no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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