SQQQ is trading 4.5% down at $41.76 as the Nasdaq jumps nearly 2%, reflecting risk-on sentiment and strength in large-cap tech and AI plays.
- The decline mirrors today’s broad tech-led market rally rather than any fund-specific news.
- As a -3x inverse ETF on the QQQ, SQQQ is designed to provide triple the inverse daily performance of the Nasdaq-100 index.