PSQ (NYSE:PSQH) (NYSE: PSQH) is an exchange-traded fund issued by ProShares that seeks daily investment results, before fees and expenses, that correspond to the inverse (–1×) of the daily performance of the Nasdaq-100® Index. The fund pursues its objective primarily through investments in total return swaps, futures contracts and other derivatives. By design, PSQ offers investors a means to profit from, or hedge against, declines in the Nasdaq-100 Index on a daily basis, making it a targeted instrument for tactical allocation and risk management strategies.
Launched in September 2010, PSQ is part of the broader suite of ProShares ETFs, which collectively provide access to a wide array of equity, fixed-income and commodity strategies. ProShare Advisors LLC, the fund’s registered investment advisor, oversees portfolio implementation and risk control. The fund management team is headquartered in Bethesda, Maryland, led by investment professionals with deep expertise in derivatives, structured products and index replication techniques.
PSQ trades on the NYSE Arca, offering liquidity and transparency through continuous intraday pricing. It is utilized by both retail and institutional investors seeking inverse exposure to a flagship U.S. growth index. Because the fund resets its leverage target daily, its performance over periods longer than one trading session can differ significantly from the inverse of the index’s cumulative return, a characteristic that investors should carefully consider when holding positions overnight or over multiple days.
Regulated as a series of a registered investment company under the Investment Company Act of 1940, PSQ is subject to strict governance, disclosure and compliance standards. The fund’s strategy entails counterparty, derivatives and leverage risks, and it is designed for experienced market participants who understand the dynamics of daily rebalanced, inverse ETFs. ProShares’ leadership team, including CEO Michael L. Sapir and Chief Investment Officer Mark Mendenhall, continues to enhance the firm’s lineup of specialized ETF solutions to meet evolving investor needs.
