What is the ISIN of ProShares UltraShort QQQ?

The ISIN of ProShares UltraShort QQQ is US74349Y8295.

What does leveraged daily exposure mean for ProShares UltraShort QQQ?

ProShares UltraShort QQQ 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?

Volatility decay (also called compounding drag) occurs because ProShares UltraShort QQQ 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 (QID) Price

ProShares UltraShort QQQ Price

— EUR

TER0.95 %

AUM242.06 M USD

IndexNASDAQ 100 Index

CurrencyUSD

Funds Launch7/11/2006

ProShares UltraShort QQQ Price

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Underlying

QQQ

QQQ2X Short Daily

QQQ

ProShares UltraShort QQQ 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.