ProShares UltraPro Short QQQ ETF Reality

ProShares UltraPro Short QQQ is a -3x inverse leveraged ETF seeking, before fees and expenses, daily investment results equal to three times the inverse of the Nasdaq-100 Index. It is typically used for short-term bearish exposure, event hedging or portfolio risk management, with volatility, path dependency and daily rebalancing making it unsuitable as a simple long-term short substitute.