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TQQQ Stock - ProShares UltraPro QQQ

Expense Ratio: 0.88%

TQQQ ETF Stock Chart

TQQQ Profile

ProShares UltraPro QQQ logo

The ProShares UltraPro QQQ, with the ticker symbol TQQQ, is an exchange-traded fund that seeks to provide investors with three times the daily performance of the Nasdaq-100 Index. The TQQQ ETF is designed for investors seeking aggressive investment returns and who are comfortable taking on higher levels of risk. Here's an extended company report for the ProShares UltraPro QQQ:

The ProShares UltraPro QQQ ETF was launched in 2010 by ProShares, a leading provider of exchange-traded funds. The ETF seeks to provide investors with three times the daily performance of the Nasdaq-100 Index, a benchmark index that tracks the performance of 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.

The TQQQ ETF uses leverage to achieve its investment objective, meaning that it borrows money to invest in Nasdaq-100 stocks in order to magnify its returns. However, this also means that the ETF's performance is subject to greater volatility than a non-leveraged ETF, and can result in amplified losses in down markets.

As of March 18, 2023, the ProShares UltraPro QQQ ETF had a net asset value of approximately $15 billion, making it one of the most popular and heavily traded leveraged ETFs. The ETF's expense ratio is 0.95%, which is competitive for similar leveraged ETFs.

Investing in the ProShares UltraPro QQQ ETF involves significant risks, including the risk that the ETF's performance may be affected by changes in market conditions, regulatory changes, and other factors that may impact the companies in which the ETF invests. In addition, the ETF's performance is subject to greater volatility than a non-leveraged ETF, and can result in amplified losses in down markets. Therefore, the ETF is primarily suitable for experienced investors who are willing to accept higher levels of risk in pursuit of aggressive investment returns.

In conclusion, the ProShares UltraPro QQQ ETF seeks to provide investors with three times the daily performance of the Nasdaq-100 Index. The ETF uses leverage to magnify its returns, but this also means that it is subject to greater volatility than a non-leveraged ETF. Investors should carefully consider the risks and potential benefits of investing in the ProShares UltraPro QQQ ETF before making any investment


 

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