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Why Nasdaq-100 Inverse ETF SQQQ Is Moving

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 ...Full story available on Benzinga.com

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For further details, visit: https://www.benzinga.com/news/24/12/42562050/why-nasdaq-100-inverse-etf-sqqq-is-moving

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