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QQDN

UltraShort Top QQQ

The first and only ETF that targets -2x daily returns of the Nasdaq-100 Mega Index

Investment Objective

ProShares UltraShort Top QQQ seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq-100 Mega Index. 

How to buy
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Important Considerations

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to -2x 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.

Why QQDN?

  • Provides short exposure to a concentrated group of top Nasdaq-100 companies

  • Offers an opportunity to hedge or profit from your bearish view on mega-cap, with less cash

  • Captures shifts in the mega-cap stock landscape, unlike focusing on a fixed group of stocks (e.g., "Mag 7" or "FAANG")

Bullish? Explore QQUParrow
Documents & Downloads
Fact Sheet
This links to a pdf file This link opens a new window
NAV History
This links to a pdf file This link opens a new window

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

Performance

30 Day Daily Return

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.

About the Fund

Snapshot
  • Ticker
    QQDN
  • Intraday Ticker
    QQDN.IV
  • CUSIP
    74349Y688
  • Inception Date
    6/10/25
  • Gross Expense Ratio
    1.12%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Price
as of 7/11/2025
  • NAV
    $35.54
  • NAV Change
    $-0.18 down caret
  • Market Price
    $35.54
  • Market Price Change
    $-0.19 down caret
  • Trading Volume (M)
    1,033
  • 30-Day Median Bid Ask Spread
    0.11%
  • View Premium / Discount
Snapshot
  • Ticker
    QQDN
  • Intraday Ticker
    QQDN.IV
  • CUSIP
    74349Y688
  • Inception Date
    6/10/25
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    1.12%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Price
as of 7/11/2025
  • NAV
    $35.54
  • NAV Change
    $-0.18 down caret
  • Market Price
    $35.54
  • Market Price Change
    $-0.19 down caret
  • Trading Volume (M)
    1,033
  • 30-Day Median Bid Ask Spread
    0.11%
  • View Premium / Discount

Exposures

Index as of 5/31/2025

Holdings

as of 7/11/2025

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
-- -- NET OTHER ASSETS (LIABILITIES) -- $3,554,132.92 3,554,133 --
-26.81% -- NASDAQ 100 MEGA INDEX SWAP BARCLAYS CAPITAL -952,903 -- -745 --
-173.10% -- NASDAQ 100 MEGA INDEX SWAP GOLDMAN SACHS INTERNATIONAL -6,152,300 -- -4,810 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 5/31/2025

  • Total Number of Companies8
  • Price/Earnings Ratio37.37
  • Price/Book Ratio13.24
  • Dividend Yield ( % )0.39
  • Avg. Index Market Capitalization$2,217.61 billion
About the Index

The Nasdaq-100 Mega Index is designed to target the performance of approximately the Top 45% cumulative weight of the Nasdaq-100 Index.

Distributions

This fund has not made any distributions.

Get the latest perspectives and updates.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to -2x 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.

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. The fund may concentrate its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility. Technology companies may experience intense competition, obsolescence of existing technology, changing economic conditions, and government regulation. Investors could potentially lose the full value of their investment within a single day. Please see the summary and full prospectuses for a more complete description of risks. 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.

“QQQ®,” “Nasdaq-100 Index®,” “Nasdaq-100®” and “Nasdaq-100 Mega Index” are registered trademarks of The Nasdaq OMX Group Inc. and have been licensed for use by ProShares. This ETF is not sponsored, endorsed, sold or promoted by The Nasdaq OMX Group Inc. and The Nasdaq OMX Group Inc. makes no representation regarding the advisability of investing in this ETF. THE Nasdaq OMX GROUP INC. MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE ETFs.

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.

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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