ProShares Launches First ETF Targeting 2x the Daily Returns of the Nasdaq-100 Equal Weighted Index

ProShares launched ProShares Ultra QQQ Equal Weight (EQQQ), the first and only ETF designed to target 2x the daily returns of the Nasdaq-100 Equal Weighted Index. The product broadens access to leveraged Nasdaq exposure, though it is unlikely to move markets materially beyond niche flows.

Analysis

ProShares launched ProShares Ultra QQQ Equal Weight (EQQQ), the first and only ETF designed to target 2x the daily returns of the Nasdaq-100 Equal Weighted Index. The product broadens access to leveraged Nasdaq exposure, though it is unlikely to move markets materially beyond niche flows.