ProShares - UltraShort QQQ Mega
QQDN
NASDAQ Global Select27.10
USD
-0.64
(+0.08%)
ISIN
US74349Y6885
CUSIP
74349Y688
Return %
Stock
S&P500
1Y
-32.41
18.99
3Y
-32.41
64.75
5Y
-32.41
71.84
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Devin Sullivan
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jun 10, 2025
- Website
- proshares.com
- Similar Companies
- Business
- ProShares UltraShort Top QQQ (QQDN) seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq-100 Mega Index before fees and expenses; the fund invests in financial instruments including swaps with counterparties such as Goldman Sachs International, Barclays Capital, and Bank of America to produce returns consistent with the daily target. Launched on June 10, 2025, QQDN represents one of ProShares' leveraged and inverse ETFs targeting the largest companies in the Nasdaq-100 Index by capturing approximately the top 45% cumulative weight of the benchmark; it operates as a non-diversified open-ended investment company with a net expense ratio of 0.95%, quarterly distributions, and exposure to large-cap growth and value stocks across diversified sectors via derivatives. ProShares, headquartered in Bethesda, Maryland and established in 2006 as part of the ProFunds Group founded in 1997, issues a broad lineup of over 140 exchange-traded funds specializing in leveraged, inverse, dividend growth, high income, interest rate hedged bonds, and crypto-linked strategies with assets under management surpassing $100 billion as of October 2025; the firm recently strengthened distribution capabilities with key hires in September 2025 covering regions like Southern California, New York City, and others while actively recruiting for over two dozen roles in distribution, marketing, operations, product, and technology; additionally, ProShares launched QQDN alongside its ultra counterpart ProShares Ultra Top QQQ (QQUP) in June 2025 as the first ETFs targeting 2x and -2x daily returns of the Nasdaq-100 Mega Index, expanded its senior leadership team, and opened a new office in New York’s Hudson Yards to support ongoing growth and innovation in geared ETF investing.
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