ProShares - UltraShort QQQ
QID
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jul 13, 2006
- CIK
- 0001174610
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort QQQ (QID), a series of ProShares Trust, seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq-100 Index, which measures the performance of 100 of the largest Nasdaq-listed non-financial companies; the fund invests principally in derivatives such as swap agreements with major global financial institutions including Goldman Sachs International, Nomura Capital, Barclays Capital, JPMorgan Chase Bank NA, and BNP Paribas, futures contracts like Nasdaq-100 E-Mini Equity Index futures, and high-quality short-term money market instruments including U.S. Treasury bills and repurchase agreements; it maintains inverse leveraged exposure to at least 80% of its total assets in components of the index or instruments with similar economic characteristics, rebalancing daily to align with the -2x target, with options trading available and quarterly distributions. ProShares Trust, headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland 20814, was established in 2006, with QID specifically launched on July 11, 2006; the ETF trades on NYSE Arca under ticker QID (CUSIP 74349Y829), features a net expense ratio of 0.95% (after fee waivers through September 30, 2026), and targets sophisticated investors seeking short-term bearish exposure to large-cap technology and growth stocks in the Nasdaq-100, including communication services and information technology sectors. In recent developments, ProShares announced ETF share splits in November 2025, including forward and reverse splits effective prior to market open on November 20, 2025, for multiple funds to adjust share prices and outstanding shares without altering total shareholder value, though specific details for QID were not individually highlighted amid the lineup; the firm strengthened its distribution capabilities in September 2025 by hiring three regional vice presidents—Chad Brand for Southern California, Mike Hart for New York City/Westchester/Long Island, and Matt Zorumski for Florida—to support financial advisors and drive growth; additionally, ProShares expanded its lineup in September 2025 with new ETFs targeting 2x daily returns of single stocks like Coinbase, Nvidia, Palantir, and Tesla, and surpassed $100 billion in assets under management earlier in the year.