Technology leveraged ETFs plummeted, with some falling as much as 60%, triggering further selling due to additional margin calls.
Investors placed big bets on the rebound of technology stocks last month, pouring billions of dollars into leveraged ETFs that invest in technology companies. However, these funds have recently suffered significant losses, with some falling by as much as 60%. Some analysts have pointed out that the biggest concern now is "forced selling", which could further push down stock prices.
The plummet of US stocks has severely affected leveraged technology ETFs, with a market cap evaporating up to 60%.
Last month, investors bet billions of dollars on a sharp rebound of technology stocks. Now, their leveraged ETF positions are suffering heavy losses in the widespread market downturn.
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wcjq : expense ratio
Nix Diamond OP wcjq : what do you mean?
wcjq Nix Diamond OP : etf fees for administrative and operating cost
Nix Diamond OP : how can this be the case. NVDA is positive and this is negative
Aaron Invests (AI) : It's the compound daily decay effect. Is not a long term but mid to short term trade.