QLD

ProShares Ultra QQQ

$139.39

+0.00%

Market closed. Last update: 11:58 AM ET

📎 Investment Objective

The ProShares Ultra QQQ (QLD) is a leveraged exchange-traded fund that seeks to provide 2x the daily return of the Nasdaq-100 Index.

Overview

ETF tracking ProShares Ultra QQQ

Category Leveraged

Issuer ProShares

Inception Date 2008-11-12

Market Cap $10.0B

Average Volume N/A

Dividend Yield 0.18%

52-Week Range $69.34 - $152.77

VWAP $138.13

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra QQQ (QLD) is a leveraged exchange-traded fund that seeks to provide 2x the daily return of the Nasdaq-100 Index.

🎯 Investment Strategy

QLD uses derivatives and other financial instruments to amplify the daily performance of the Nasdaq-100 Index, which tracks the 100 largest non-financial companies listed on the Nasdaq stock exchange. The fund aims to generate returns that are twice the daily return of the underlying index.

✨ Key Features

Provides 2x leveraged exposure to the Nasdaq-100 Index
Resets leverage daily, so long-term returns may differ from 2x the index
Designed for short-term trading, not long-term buy-and-hold
High expense ratio compared to non-leveraged index funds

⚠️ Primary Risks

Amplified daily volatility and potential for significant losses
Compounding effects can lead to divergence from 2x index performance over time
Counterparty risk associated with derivatives used to obtain leverage
Lack of long-term performance history

👤 Best For

QLD is best suited for experienced, risk-tolerant investors with a short-term trading horizon who seek to magnify their exposure to the Nasdaq-100 Index. It is not recommended for long-term buy-and-hold investors due to the compounding effects of daily rebalancing.