What is the ISIN of ProShares UltraShort QQQ Mega ETF?

The ISIN of ProShares UltraShort QQQ Mega ETF is US74349Y6885.

What does leveraged daily exposure mean for ProShares UltraShort QQQ Mega ETF?

ProShares UltraShort QQQ Mega ETF aims to deliver 2 times the daily return of QQQ (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect ProShares UltraShort QQQ Mega ETF?

Volatility decay (also called compounding drag) occurs because ProShares UltraShort QQQ Mega ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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ProShares UltraShort QQQ Mega ETF (QQDN) Price

ProShares UltraShort QQQ Mega ETF Price

— EUR

PRO

TER0.95 %

AUM1.56 M USD

IndexNasdaq-100 Mega Index - Benchmark TR Gross

CurrencyUSD

Funds Launch6/10/2025

ProShares UltraShort QQQ Mega ETF Price

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Underlying

QQQ

QQQ2X Short Daily

QQQ

ProShares UltraShort QQQ Mega ETF provides 2X inversedaily exposure to QQQ.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.