Why Nasdaq-100 Inverse ETF SQQQ Is Moving
Portfolio Pulse from Henry Khederian
ProShares UltraPro Short QQQ ETF (SQQQ) shares are trading higher by 0.8% to $18.72 ahead of the Federal Reserve's decision on interest rates. The ETF is primarily used for short-term trading and market timing strategies. Investors may expect the Fed to signal that it is willing to keep raising interest rates until inflation is under control, which could lead to a sell-off in stocks and a rise in SQQQ.
September 20, 2023 | 4:29 pm
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SQQQ shares are trading higher ahead of the Fed's decision. The ETF could rise further if the Fed signals continued rate hikes, leading to a sell-off in stocks.
SQQQ is an inverse ETF that rises when the Nasdaq-100 Index falls. If the Fed signals that it will continue to raise interest rates, this could lead to a sell-off in stocks, causing the Nasdaq-100 Index to fall and SQQQ to rise.
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