SQQQ is trading 5.8% down today at $45.19 as the Nasdaq stages a strong rebound following recent tech-sector weakness.
- The decline in the 3x inverse ETF is driven by rising Nasdaq futures and broad strength in semiconductor and large-cap technology names.
- The move reflects a risk-on reversal in market sentiment following a period of macro-driven volatility.
- There is no fund-specific news, as the price action is a mechanical response to gains in the underlying Nasdaq-100 index.