Cryptocurrency Q&A
What is the 3x inverse ETF Nasdaq?
What is the 3x inverse ETF Nasdaq?
AmyDavis
Tue Dec 24 2024
|
5 answers
1220
I'm looking for information about a specific type of ETF on the Nasdaq exchange. It's a 3x inverse ETF, and I want to know what it is, how it works, and what its ticker symbol might be.
5 answers
DongdaemunTrendsetter
Thu Dec 26 2024
Its main goal is to replicate the daily inverse performance of the NASDAQ-100® Total Return Index.
Was this helpful?
188
79
Eleonora
Thu Dec 26 2024
This replication is not a simple one-to-one mapping but involves multiplying the daily inverse performance by three.
Was this helpful?
212
36
SolitudeSeeker
Thu Dec 26 2024
Additionally, the index is adjusted to account for certain inherent costs and revenues.
Was this helpful?
191
98
Chloe_emma_researcher
Thu Dec 26 2024
The NASDAQ-100® 3x Inverse Total Return Index is designed with a specific objective.
Was this helpful?
277
24
Claudio
Thu Dec 26 2024
These adjustments are necessary to maintain the short positions required to achieve the index's aim.
Was this helpful?
352
86
