SQQQ spiked 50% in January, as retail traders crowded into it betting on further tech pain
Individual investors pushed cash into a levered exchange-traded fund, $ProShares UltraPro Short QQQ ETF(SQQQ.US$, betting against the tech-heavy $NASDAQ 100 Index(.NDX.US$ as they looked to profit from the market's spiral.
Retail traders bought $76.6 million of the $ProShares UltraPro Short QQQ ETF(SQQQ.US$ -- an ETF that delivers results that are three times the inverse performance of $NASDAQ 100 Index(.NDX.US$ -- amid Monday's rout, according to data compiled by $JPMorgan(JPM.US$ strategist Peng Cheng.
The chases come after months of betting that crowed like the tracker of the Nasdaq-100 $Invesco QQQ Trust(QQQ.US$, and some other big tech like $Apple(AAPL.US$ and $NVIDIA(NVDA.US$.
The retail crowd has now bought about $121 million in SQQQ over the past five sessions, the most in at least five years, Vanda Research data show.![]()
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The SQQQ is up over 50% this year amid the market's tumble. However, it's worth noting that holders of the ETF could face painful losses if the market rebounds. While the recent gains likely helped attract retail traders, the ETF is still down 33% in the past 12 months.![]()
Source: Bloomberg
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考えて、あなたは : Retail bears going to get slaughtered.
Ivanami : Very interesting. Thanks for the great sharing![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Food For Thought3731 : SQQQ calls to puts ratio is 72:28. QQQ calls to puts ratio is 36:64. Such a bearish sentiment purely by retail only? I have no idea but I prefer not to go against the majority.