ProShares Launches First ETFs to Target 2x and -2x Daily Returns of Nasdaq-100 Mega Index

World's largest provider of leveraged and inverse ETFs expands its lineup with products investing in top Nasdaq-100 companies

BETHESDA, Md. - ProShares, a premier provider of ETFs, today announced the expansion of its industry-leading lineup of leveraged and inverse products with the launch of ProShares Ultra Top QQQ (QQUP) and ProShares UltraShort Top QQQ (QQDN).

Both ETFs are the first of their kind: QQUP targets 2x daily returns of the Nasdaq-100 Mega Index, while QQDN targets -2x daily returns of the same index. The Nasdaq-100 Mega Index captures the performance of a concentrated group of the largest Nasdaq-100 companies, currently consisting of Alphabet, Amazon.com, Apple, Broadcom, Meta Platforms, Microsoft, NVIDIA and Tesla.¹ Collectively, this group represents approximately 45% of the tech-heavy Nasdaq-100.²

"Technology has created a world of accelerating change, reshaping the investing landscape before our eyes," said ProShares CEO Michael L. Sapir. "With the launch of QQUP and QQDN, investors can now access leveraged or short exposure to the largest Nasdaq-100 companies-all with the ease and convenience of a single ETF trade."

QQUP and QQDN are the latest additions to ProShares' extensive range of ETFs that are exclusively indexed to the Nasdaq-100 and related indexes, which also includes ProShares UltraPro QQQ (TQQQ), the world's largest leveraged ETF.³

ProShares is the world's largest provider of leveraged and inverse ETFs overall, a category that the company pioneered nearly two decades ago.⁴

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $80 billion in assets and offers one of the largest lineups of ETFs. The company is a leader in strategies such as crypto-linked, dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.