SQQQ is trading 4.7% down at $47.14 in pre-market as Nasdaq futures rebound from recent tech sector weakness.
- Nasdaq Composite futures are up approximately 1.5%, with semiconductor stocks leading the pre-market gains.
- The inverse 3x ETF is giving back a portion of its sharp multi-day rise as broader market sentiment shifts to a risk-on tone.
- The downward move tracks the underlying index performance rather than any fund-specific news or corporate events.