ProShares - Ultra QQQ Top 30
QQXL
NASDAQ Global Market- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Aug 15, 2025
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra QQQ Top 30 (QQXL) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq-100 Top 30 Index. The fund invests principally in financial derivatives including swap agreements with major global financial institutions such as Bank of America NA, Citibank NA, and Societe Generale; equity securities of top holdings like NVIDIA Corp., Apple Inc., Microsoft Corp., Amazon.com Inc., and Tesla Inc.; and money market instruments such as U.S. Treasury bills and repurchase agreements to achieve leveraged exposure, with daily rebalancing to maintain the 2x target. Launched on August 13, 2025, and listed on the Nasdaq Stock Market, QQXL operates with a net expense ratio of 0.95% (after waivers through September 30, 2026) and quarterly distributions. The Nasdaq-100 Top 30 Index measures the performance of the 30 largest companies by market capitalization from the Nasdaq-100 Index, weighted based on Nasdaq-100 weights subject to a 22.5% cap per company and a 48% aggregate limit for weights above 4.5%, with quarterly rebalancing in March, June, September, and December; as of July 31, 2025, it featured 30 companies with a price/earnings ratio of 37.84, price/book ratio of 11.97, dividend yield of 0.63%, and average market cap of $887.23 billion. ProShares Ultra QQQ Top 30 targets investors seeking amplified daily exposure to leading Nasdaq-100 constituents, predominantly in technology sectors like semiconductors, software, and services, through non-diversified holdings concentrated in a narrow group of high-market-cap innovators. Issuer ProShare Advisors LLC, headquartered at 7272 Wisconsin Avenue, 21st Floor, Bethesda, MD 20814, manages the fund as part of ProShares Trust (file number 811-21114), with Michael Neches as Senior Portfolio Manager and Devin Sullivan as Portfolio Manager since inception. ProShares, at the forefront of leveraged and inverse ETFs since 2006, oversees over $95 billion in assets across strategies including dividend growth, high income, interest rate hedged bonds, crypto-linked products, and geared ETFs. In a major recent development, ProShares launched QQXL on August 13, 2025, as the first and only ETF targeting 2x daily returns of the Nasdaq-100 Top 30 Index, expanding its $40 billion Nasdaq-100-linked suite amid investor demand for concentrated exposure to top tech leaders like Nvidia, Apple, and Meta. The firm strengthened distribution in September 2025 by hiring three Regional Vice Presidents—Chad Brand, Mike Hart, and Matt Zorumski—to enhance reach amid business growth and active recruitment for over two dozen roles in distribution, marketing, operations, product, and technology. No acquisitions, funding rounds, or name changes have been reported for QQXL or ProShares in the last 1-2 years.