ProShares Launches First ETFs to Target 2x and -2x Daily Returns of Nasdaq-100 Mega Index
ProShares has launched two groundbreaking ETFs: ProShares Ultra Top QQQ (QQUP) and ProShares UltraShort Top QQQ (QQDN). These are the first ETFs to offer 2x and -2x daily returns respectively of the Nasdaq-100 Mega Index. The index tracks eight of the largest Nasdaq-100 companies: Alphabet, Amazon, Apple, Broadcom, Meta, Microsoft, NVIDIA, and Tesla, which collectively represent about 45% of the Nasdaq-100. The launch expands ProShares' existing lineup of leveraged and inverse products, adding to their position as the world's largest provider in this category. These new ETFs offer investors concentrated exposure to major tech companies through a single trade.
