Tradr 2X Long Innovation 100 Quarterly ETF (QQQP)

The Tradr 2X Long Innovation 100 Quarterly ETF (ticker QQQP) is a leveraged exchange-traded fund from Tradr ETFs. It seeks investment results, before fees and expenses, of two times (200%) the performance of the Nasdaq-100 Index, as represented through the Invesco QQQ Trust, over each calendar quarter rather than each day.

Measuring the leverage over a quarterly reset period reduces the effects of daily compounding that affect conventional daily leveraged funds, although returns still differ from 2x for investors whose holding periods do not match the quarter. The fund uses swaps, options or other derivatives to obtain its exposure.

Its portfolio is reset at the start of each quarter to restore the 2x target.