What is the 3x inverse ETF Nasdaq?
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.
What is a 3X inverse ETF?
Could you please elaborate on what a 3X inverse ETF is and how it differs from traditional ETFs? I'm particularly interested in understanding the mechanics behind its operation and the potential risks and rewards associated with investing in such a product. Additionally, could you provide some examples of 3X inverse ETFs that are currently available in the market?