ProShares Ultra QQQ (QLD) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Index, which measures the performance of 100 of the largest Nasdaq-listed non-financial companies; the fund employs investment techniques including derivatives such as swaps, futures, and options on the Nasdaq-100 Index and related exchange-traded funds like Invesco QQQ Trust to achieve its leveraged exposure. QLD provides investors with amplified daily returns of the index across sectors including information technology, communication services, consumer discretionary, health care, industrials, consumer staples, and others, with top holdings typically featuring leading companies such as NVIDIA Corp., Apple Inc., Microsoft Corp., Broadcom Inc., and Amazon.com Inc.; it features a net expense ratio of 0.95% (with contractual waiver through September 30, 2026), quarterly distributions, and options availability. Launched on June 19, 2006 and domiciled in the United States, the exchange-traded fund trades on NYSE Arca under the ticker QLD with CUSIP 74347R206, managed by ProShare Advisors LLC and headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland. In November 2025, ProShares announced a 2-for-1 forward share split for QLD effective alongside 21 other ETFs, adjusting share prices and quantities to enhance accessibility amid strong inflows and assets under management surpassing $10 billion for the fund; the sponsor also marked broader milestones including reaching $100 billion in total ETF assets and launching innovative products such as its first interval fund focused on private equity strategies in October 2025, alongside expansions like a new New York office in Hudson Yards.