qid and qqqq

Discussion in 'Stocks' started by KevR1025, Sep 24, 2007.

  1. KevR1025


    Can someone help me to understand why qqqq closed green and qid red, when the opposite should have been true.
  2. S2007S


    QID and QQQQ follow the NDX 100 which was up 7.77 to 2057.

    The NDX 100 was up because of AAPL, GOOG, RIMM, AMZN.

    Thats why qqqq was green and qid red.

    Also keep in mind that this week proshares has dividend payouts for QID etc....
  3. KevR1025


    but today the qqqq is up 1% and qid is down 3%. I noticed qid was down even when the daq was down today.
  4. ex. dividend...you are looking at yahoo finance prices i suspect.


  5. QID moves 2X inversely to the QQQ'S. So if the QQQ'S , ie, NQ is up 1%, the QID will be down 2%.
  6. As enfinity mentioned:
    QID was adjusted for distribution day
    (QLD was not).
    You should get it back in form of distribution.


    QLD tracks 2X NASDAQ-100
    QID tracks -2X NASDAQ-100