Key stats
About ProShares Ultra Top QQQ
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Inception date
Jun 10, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
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.
QQUP is a leveraged bet on the largest companies included in the Nasdaq-100 Index. The fund targets the top holdings in the index by market-cap, selecting approximately the top 45% cumulative weight. The selected companies are then weighted based on market-cap. The composition and weights are reassessed annually in December, with adjustments made quarterly. The fund will hold financial instruments to gain exposure such as swap agreements and derivatives. ProShare Advisors uses a mathematical approach to maintain daily leveraged exposure consistent with the set objective, pivoting within market fluctuations to rebalance daily exposure to the Index. Performance may be vastly different for shareholders holding positions in the fund longer than 1 day, including a total loss of capital.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Cash
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QQUP trades at 39.36 USD today, its price has risen 0.25% in the past 24 hours. Track more dynamics on QQUP price chart.
QQUP assets under management is 3.94 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
QQUP fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QQUP invests in cash. See more details in our Analysis section.
QQUP expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, QQUP is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, QQUP doesn't pay dividends to its holders.
QQUP trades at a premium (0.14%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
QQUP shares are issued by ProShare Advisors LLC
QQUP follows the Nasdaq-100 Mega Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 10, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.