What happens if I hold SQQQ overnight?

Could you please explain to me what would happen if I decide to hold SQQQ overnight? I'm aware that it's an inverse ETF that aims to track the inverse of the daily performance of a market index, but I'm curious about the potential implications of holding it for an extended period, especially overnight. Would I be exposing myself to increased risks, and if so, what kind of risks are those? Also, is there a specific strategy or set of considerations I should keep in mind before making such a decision?