24/7 Wall St. · 77d ago -0.91
SQQQ Profits When Tech Drops, But the Math Gets Ugly After a Few Days
SQQQ exists to profit when the Nasdaq-100 falls. It’s a 3x inverse leveraged ETF, meaning if the Nasdaq drops 1% in a day, ProShares UltraPro Short QQQ (NASDAQ:SQQQ) aims to rise roughly 3%. That amplification is working in the current environment, with the fund gaining 6.2% year-to-date as tech stocks face pressure from persistent concerns ... SQQQ Profits When Tech Drops, But the Math Gets Ugly After a Few Days
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