ProShares Ultra QQQ Equal Weight (EQQQ)

ProShares Ultra QQQ Equal Weight (EQQQ) is a leveraged exchange-traded fund from ProShares that provides magnified exposure to the Nasdaq-100 constituents on an equal-weighted basis.

The fund seeks daily investment results, before fees and expenses, of two times (200%) the daily performance of the Nasdaq-100 Equal Weighted Index, which holds the same large non-financial Nasdaq-listed companies as the Nasdaq-100 but gives each roughly the same weight. It uses swaps and other derivatives to obtain its leverage.

Because the fund targets daily returns and resets its leverage each day, its results over longer periods can differ significantly from twice the index's return. The fund trades on the Nasdaq.