Key stats
About ProShares UltraShort QQQ
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Inception date
Jul 11, 2006
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
QID is a more aggressive version of its sibling fund PSQ. Both funds track the Nasdaq 100an index of 100 non-financial firms listed on the tech-heavy Nasdaqbut QID provides -2x exposure compared to PSQ's -1x. To do so, QID uses a combination of futures and swaps on QQQ and the Nasdaq-100 Index swaps. As with most inverse and leveraged products, QID is designed to provide its stated inverse exposure on a daily basis, not as a long-term inverse bet against the index. Anyone holding the fund for longer than a day will be exposed to the effects of compounding on returns, and willespecially in volatile marketsbe unlikely to realize the stated exposure over extended periods of time. The underlying index is rebalanced quarterly and reconstituted semi-annually.
Classification
What's in the fund
Exposure type
Government
Cash
Stock breakdown by region
Top 10 holdings
ProShares UltraShort QQQ. Is The US market crash coming ? Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The four
Buy $QID - NRPicks 09 Julthe fund invests in financial instruments that ProShare Advisors believes, in combination, should produce consistent daily inverse returns to the QQQ ETF . The index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market by market capitalizat
Buy $QID - NRPicks 11 JunThe fund invests in financial instruments that ProShare Advisors believes, in combination, should produce consistent daily returns inverse to the QQQ ETF. The index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market on a market capitaliza
Buy $QID - NRPicks 23 AbrProShares UltraShort QQQ is an ETF that corresponds to twice the inverse (-2x) of the daily performance of the NASDAQ100 index, an index that includes 100 of the largest national and international non-financial companies that are listed on the Nasdaq stock market based on capitalization stock market
QID - Buying a little protection Will this market ever have a pullback? Not sure what it will take to have one, but it seems the majority of charts look broken and are turning bearish in imo (except for Chinese). With earnings out of the way, I'm going long QID of the Daily MA with stop near the low, and price target near 18.80
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.