SQQQ - Why Nasdaq-100 Inverse ETF SQQQ Is Moving | Benzinga
ProShares UltraPro Short QQQ ETF (NASDAQ: SQQQ) shares are trading lower by 1.6% to $18.19 Wednesday morning. The ETF is trading lower following worse-than-expected U.S. inflation data.
In the immediate aftermath of unexpected news, such as a significant inflation spike, markets can often exhibit a counterintuitive reaction. While one might expect an inverse leveraged ETF like SQQQ to rise due to concerns about inflation's impact on ...