Traders Pump Record $658 Million Into Bet Against Tech Stock | Business Finance News USA Edition
Traders Pump Record $658 Million Into Bet Against Tech Stocks
As the Nasdaq 100 Index soared late last week, some $658 million was funneled into the ProShares UltraPro Short QQQ exchange-traded fund (ticker SQQQ). That’s the largest-ever inflow for a product that aims to deliver three times the opposite performance of the US benchmark for major technology companies.
