Cryptocurrency Q&A
What is Nasdaq leveraged ETF 3X?
What is Nasdaq leveraged ETF 3X?
Sara
Fri Nov 29 2024
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6
answers
1252
The Nasdaq Leveraged ETF 3X is a type of exchange-traded fund that uses financial derivatives and debt to amplify the returns of the Nasdaq index it tracks, aiming for a 3:1 ratio. It is designed for short-term trading and can lead to significant gains or losses due to its leveraged nature.
6 answers
ShintoMystical
Sat Nov 30 2024
This multiplication factor is applied on a daily basis.
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Valentina
Sat Nov 30 2024
The NASDAQ-100® 3x Leveraged Notional Net Return Index pursues a unique objective.
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Lorenzo
Sat Nov 30 2024
Its main goal is to mimic the daily performance of another index.
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noah_wright_author
Sat Nov 30 2024
Additionally, adjustments are made to account for the costs associated with maintaining leveraged positions.
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BlockchainVisionary
Sat Nov 30 2024
Specifically, it targets the NASDAQ-100® Notional Net Total Return Index.
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