About ProShares Short QQQ (PSQ)

ProShares Short QQQ (PSQ) is an exchange-traded fund (ETF) that aims to provide inverse exposure to the performance of the Nasdaq-100 Index. This means that if the index declines by 1%, PSQ should rise by approximately 1%. The ETF is designed for investors who seek to profit from a potential decline in the technology-heavy Nasdaq-100 Index. It can be used as a hedging instrument to offset potential losses in a portfolio that is heavily invested in technology stocks.

In terms of price history, PSQ has generally performed well during periods of market downturns. For example, during the financial crisis in 2008, the ETF generated significant positive returns as the Nasdaq-100 Index plummeted. However, it is important to note that PSQ should not be viewed as a long-term investment due to its inverse exposure and the fact that it is designed for short-term trading purposes.