moneyheap
QID +2.61% today · Analysis updated Nov 13, 2026, 6:30 PM ET
Why is ProShares UltraShort QQQ (QID) stock up today?
QID, a 2x inverse exposure to the Nasdaq-100, closed at $15.33 on Nov 13, up 2.6% from $14.94 on Nov 12, on 23.0M shares and 36,131 trades. The session traded between $14.94 and $15.68. No news items or SEC filings were found, so the move has no company or market catalyst in the data. The stock is still 9.5% below the Nov 5 close of $16.94, which was its highest close in the window, and 12.0% above the Oct 28 close of $13.69, the low of the 30-day window. Since the Nov 5 peak, closes have stepped down to $16.51, $15.38, $15.58, $14.86 and $14.94 before this rebound. Volume has faded from the early-November peaks of 66.0M on Nov 2 and 44.7M on Nov 5, and the Nov 13 volume of 23.0M is close to the roughly 25.7M average of the last five sessions. Trade counts show the same pattern, with 36,131 trades on Nov 13 against 74,188 on Nov 5. The data shows a short-term bounce from the Nov 11 close of $14.86 on normal volume, but a single session cannot confirm a trend change. Because QID moves opposite to the index, the price path reflects the Nasdaq-100's direction, which the data does not cover. Daily reset decay also means longer-term results can differ from a simple 2x inverse of the index.
About ProShares UltraShort QQQ
ProShares UltraShort QQQ is an inverse leveraged ETF launched in 2006 that aims to return twice the opposite (-2x) of the Nasdaq-100 Index's daily performance, before fees. It's ProShares' more aggressive version of its -1x fund PSQ, and traders use it to bet on short-term declines in big tech stocks or to hedge against them.
How the fund works
The fund doesn't short stocks directly. It gets its -2x daily exposure through swaps and futures tied to the Nasdaq-100 and QQQ, and keeps most of its assets in US Treasury bills and cash, which earn interest and fund its distributions. It resets its leverage every day, so over periods longer than one day its return can be very different from -2x the index's return. In choppy markets this compounding effect wears away value, and over the long run the fund has lost a lot as the Nasdaq-100 rose. The expense ratio is about 0.95%. The fund has done several reverse splits, and ProShares has announced a 1-for-4 reverse split effective around November 19, 2026.
What usually moves QID
- Daily moves in the Nasdaq-100, inverted and doubled
- Sentiment toward big tech and AI stocks
- Interest rates and Federal Reserve policy
- Market volatility and compounding decay
- Short-term interest rates on its T-bill holdings