PSQProShares Short QQQ
PSQ Fund Description
PSQ provides inverse exposure to a modified market-cap-weighted index of 100 of the largest non-financial firms listed on NASDAQ.
PSQ Factset Analytics Insight
PSQ makes a straight bet against the popular QQQ ETF by providing inverse exposure to the NASDAQ-100 index — an index of 100 tech-heavy firms listed on NASDAQ that excludes financials. The fund uses a combination of swaps on the NASDAQ-100 ETF (QQQ), swaps on the index itself, and NASDAQ-100 futures to achieve this exposure. As with most inverse and leveraged products, PSQ is designed to provide this exposure on a daily basis, not as a long-term inverse bet against the index. Investors holding the fund for longer than a day will be exposed to the effects of compounding on returns, and will be unlikely to realize the stated exposure over extended periods of time.
PSQ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PSQ. PSQ is rated a 5 out of 5.