Thrill-Seeking Investors Just Made a Fortune on Triple Leveraged ETFs
When stocks started tanking last week, investors in the biggest leveraged exchange-traded funds doubled down. Investors plowed a net $3.4 billion into the ProShares UltraPro QQQ ETF from Thursday to Tuesday, according to FactSet, including a record high $1.8 billion on Monday alone. The fund seeks to triple the daily performance of the Nasdaq-100 index, up or down.