ProShares Launches First ETFs to Target 2x and -2x Daily Returns of Nasdaq-100 Mega Index
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2025
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Source: Newsfilter
New ETF Launch: ProShares has introduced two new ETFs, ProShares Ultra Top QQQ (QQUP) and ProShares UltraShort Top QQQ (QQDN), which aim to provide 2x and -2x daily returns of the Nasdaq-100 Mega Index, respectively, focusing on major tech companies like Apple and Amazon.
ProShares' Leadership: As the largest provider of leveraged and inverse ETFs, ProShares continues to innovate in the ETF market, managing over $80 billion in assets and offering a diverse range of investment strategies.
Analyst Views on QQDN
Wall Street analysts forecast QQDN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQDN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.345
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Current: 27.345
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
