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Benzinga
Benzinga
Business
Mark Putrino

Why Is This Nasdaq ETF Ripping Higher?

Nasdaq ETF

Some ETFs move higher if the market moves lower. One of them is the ProShares UltraPro Short QQQ ETF (NASDAQ:SQQQ).

The NASDAQ 100 is an index that tracks the price of the largest 100 companies on NASDAQ that aren’t in the financial sector. SQQQ is designed to move in the opposite direction of the NASDAQ 100.

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