ProShares UltraPro Short QQQ Fund
Name of ETF: ProShares UltraPro Short QQQ Fund
Benchmark Index: NASDAQ-100 Index
Ticker Symbol: SQQQ
Approximate Number of Stocks in this ETF: 100
Types of Companies Included: The largest U.S. and international companies listed on the NASDAQ stock exchange. Companies from the financial sector are excluded from this index.
Daily Target: -3x
Leveraged-Short ETF: This ETF allows investors to take a leveraged-bearish position against the NASDAQ-100. If the NASDAQ-100 goes down, this ETF is designed to go up three times the amount the index went down. Conversely, if the NASDAQ-100 goes up, this ETF is designed to go down three times the amount the index went up.
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