ProShares Short QQQ (PSQ)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
25.82 USD
+0.17
(0.663%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 25.90 +0.08 (0.306%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:48 a.m. EDT
This instrument is a ticking time bomb for long-term holders due to its structural design as a daily-reset inverse ETF. The data reveals a catastrophic multi-year decline of nearly 87%, driven by eight consecutive years of negative annual returns. While the headline 4.26% dividend yield appears attractive, it is a deceptive trap; the payout is shrinking rapidly (dropping from $2.40+ annually in 2023 to roughly $1.10 in 2026), signaling that the fund is eroding capital to maintain the yield. The recent price action shows a slight recovery, but the underlying trend remains deeply bearish. Options data confirms that while some traders are hedging against a Nasdaq crash, the heavy positioning in far-out calls suggests an expectation of a Nasdaq rebound, which would be devastating for this short product. Avoid this security entirely; the compounding decay of daily resets combined with a shrinking payout makes it a value trap. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.085021 |
| AutoARIMA | 0.156236 |
| MSTL | 0.157015 |
| AutoETS | 0.157368 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 51% |
| H-stat | 10.82 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.577 |
| Excess Kurtosis | -0.54 |
As of Aug. 22, 2026, 5:48 a.m. EDT: Speculators are positioning for continued weakness in the underlying Nasdaq-100, evidenced by heavy out-of-the-money call open interest on strikes significantly above the current price (30 and 40 strikes) and elevated implied volatility on deep out-of-the-money calls. Conversely, put activity is concentrated near the money and slightly out-of-the-money, suggesting a defensive stance rather than a bet on a catastrophic crash. The skew in implied volatility favors upside moves in the index (downside moves in PSQ), indicating traders expect the Nasdaq to rally eventually, which would crush this short instrument.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.88% | 3.87% | 5.32% | 3.67% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-24 | 0.229 | 0.882466 |
| 2026-03-25 | 0.154 | 0.486726 |
| 2025-12-24 | 0.400 | 1.346348 |
| 2025-09-24 | 0.360 | 1.152738 |
| 2025-06-25 | 0.401 | 1.169437 |
| 2025-03-26 | 0.341 | 0.867243 |
| 2024-12-23 | 0.699 | 1.914544 |
| 2024-09-25 | 0.678 | 1.713419 |
| 2024-06-26 | 0.756 | 1.873606 |
| 2024-03-20 | 0.540 | 1.235698 |
| 2023-12-20 | 0.950 | 1.977107 |
| 2023-09-20 | 0.715 | 1.337699 |
| 2023-06-21 | 0.725 | 1.347584 |
| 2023-03-22 | 0.460 | 0.721569 |
| 2022-12-22 | 0.255 | 0.347411 |
| 2020-03-25 | 0.225 | 0.168413 |
| 2019-12-24 | 0.410 | 0.332657 |
| 2019-09-25 | 0.575 | 0.417726 |
| 2019-06-25 | 0.660 | 0.463483 |
| 2019-03-20 | 0.505 | 0.343537 |
| 2018-12-26 | 0.530 | 0.304335 |
| 2018-09-26 | 0.510 | 0.345763 |
| 2018-06-20 | 0.385 | 0.250569 |
| 2018-03-21 | 0.200 | 0.121470 |
| 2017-12-26 | 0.030 | 0.016959 |
| 2008-12-23 | 85.080 | 5.665956 |
| 2008-09-24 | 3.260 | 0.254171 |
| 2008-06-24 | 4.020 | 0.352817 |
| 2008-03-25 | 5.220 | 0.428924 |
| 2007-12-20 | 10.440 | 0.975701 |
| 2007-09-25 | 16.880 | 1.571402 |
| 2007-06-26 | 12.860 | 1.096147 |
| 2007-03-27 | 11.880 | 0.957910 |
| 2006-12-20 | 19.640 | 1.582595 |
| Attribute | Value |
|---|---|
| All Time High | 1,896.4 |
| All Time Low | 24.96 |
| Ask | 25.84 |
| Ask Size | 90,700 |
| Average Daily Volume10 Day | 7,276,380 |
| Average Daily Volume3 Month | 8,452,648 |
| Average Volume | 8,452,648 |
| Average Volume10Days | 7,276,380 |
| Beta3 Year | -1.17 |
| Bid | 25.82 |
| Bid Size | 87,200 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 25.878 |
| Day Low | 25.5501 |
| Dividend Yield | 4.26 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 25.9508 |
| Fifty Day Average Change | -0.13080025 |
| Fifty Day Average Change Percent | -0.0050403164 |
| Fifty Two Week Change Percent | -22.740967 |
| Fifty Two Week High | 33.56 |
| Fifty Two Week High Change | -7.7400017 |
| Fifty Two Week High Change Percent | -0.23063174 |
| Fifty Two Week Low | 24.96 |
| Fifty Two Week Low Change | 0.8600006 |
| Fifty Two Week Low Change Percent | 0.034455154 |
| Fifty Two Week Range | 24.96 - 33.56 |
| First Trade Date Milliseconds | 1,150,896,600,000 |
| Five Year Average Return | -0.1196041 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.17 |
| Fullday Change Percent | 0.662768 |
| Fullday Price | 25.8991 |
| Fund Family | ProShares |
| Fund Inception Date | 1,150,675,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. Under normal circumstances, the fund will obtain inverse exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified. |
| Long Name | ProShares Short QQQ |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_27776689 |
| Nav Price | 26.0081 |
| Net Assets | 758,685,060.0 |
| Net Expense Ratio | 0.95 |
| Open | 25.7 |
| Post Market Change | 0.079099655 |
| Post Market Change Percent | 0.30635032 |
| Post Market Price | 25.8991 |
| Post Market Time | 1,787,961,596 |
| Previous Close | 25.65 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.17 |
| Regular Market Change Percent | 0.662768 |
| Regular Market Day High | 25.878 |
| Regular Market Day Low | 25.5501 |
| Regular Market Day Range | 25.5501 - 25.878 |
| Regular Market Open | 25.7 |
| Regular Market Previous Close | 25.65 |
| Regular Market Price | 25.82 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 8,865,213 |
| Short Name | ProShares Short QQQ |
| Source Interval | 15 |
| Symbol | PSQ |
| Three Year Average Return | -0.17794901 |
| Total Assets | 758,685,056 |
| Tradeable | 0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -2.92187 |
| Trailing Three Month Returns | -2.92187 |
| Triggerable | 1 |
| Two Hundred Day Average | 28.60925 |
| Two Hundred Day Average Change | -2.7892494 |
| Two Hundred Day Average Change Percent | -0.09749468 |
| Type Disp | ETF |
| Volume | 8,865,213 |
| Yield | 0.042600002 |
| Ytd Return | -9.93689 |