ProShares UltraPro Short QQQ ETF SQQQ Shares are trading sharply down about 3.72% to $29.68 on Friday morning for the week-to-date. SQQQ is a popular triple leveraged inverse ETF that tracks the Nasdaq-100.

Major indices are higher in the following week strong quarterly results from megacap technology companiesincluding Microsoft Corporation MSFT And Metaplatforms Inc META, contributing to a positive market sentiment for the week. Additionally, initial jobless claims came in below estimates.

What else is happening in the broader market?

The SPDR S&P 500 ETF and other major indices otherwise suffered weakness on Friday morning after the Bureau of Economic Analysis reported a 4.2% rise in the personal consumption expenditure index in March, suggesting the Federal Reserve still has a long way to go in its fight against inflation way ahead…Continue reading

According to data from Gasoline ProSQQQ has a 52-week high of $69.55 and a 52-week low of $29.18.

Published in: Newswhy it moves

[ad_2]

Source story