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The Invesco ETF tracking the Nasdaq-100 index, under the symbol QQQ, is one of the most popular market indexes, trading about 45 million shares on an average day.
So, a fund like the Direxion Daily S&P 500 Bull 3X Shares (SPXL) offers three times the performance of the S&P 500 index for that day. If the index goes up, the ETF should go up three times as much.
Leveraged and inverse funds tracking the Nasdaq or semiconductor sector account for the top four ETFs by trading volume, with single-day funds for Nvidia and Tesla, as well as a three-times ...
On the other hand, a 3X leveraged Russell 2000 ETF would decline 30% each day. After the three-day crash, your $1,000 investment would be worth just $343.
After tumultuous trading in the first two weeks of March, Wall Street staged a nice comeback and has risen for two consecutive weeks. 5 Leveraged ETFs That Gained More Than 30% in March Skip to ...
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