Why Nasdaq-100 Inverse ETF SQQQ Is Moving
ProShares UltraPro Short QQQ (NASDAQ:SQQQ), which offers leveraged inverse exposure to the Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), gained 3% to $28.95 Wednesday afternoon as the Federal Reserve delivered a dovish tone during its December meeting.SQQQ, designed to rise when the Nasdaq-100 falls, benefits from bearish sentiment toward growth-oriented technology stocks.What Happened: The Fed lowered […]
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