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3QQQ

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1d
1w
1m

Analysis and statistics

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About

3QQQ.LSE refers to the GraniteShares 3x Long Nasdaq 100 ETP. It's an exchange-traded product (ETP) that aims to deliver three times the daily percentage change in the Nasdaq 100 Index. This means it's designed to amplify the returns of the Nasdaq 100, but also magnify potential losses. As an ETP and not strictly an ETF, it uses leverage to achieve its objective and is therefore considered a higher-risk investment suitable for sophisticated investors with a short-term trading horizon.
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Factors

Underlying Index Performance: 3QQQ.LSE's price heavily depends on the Nasdaq 100's performance. It is a leveraged ETF, so the impact is magnified.

Leverage Factor: 3QQQ.LSE is a 3x leveraged ETF, meaning daily gains/losses of the Nasdaq 100 are tripled. This amplifies price swings.

Management Fees & Expenses: ETF fees reduce returns over time, subtly affecting the ETF price.

Supply & Demand: High demand increases the price, while high selling pressure decreases it.

Tracking Error: Imperfect tracking of the Nasdaq 100 leads to slight price discrepancies.

Market Sentiment: Broad market optimism or pessimism affects the desire to hold risky assets like leveraged ETFs.

Volatility: Higher Nasdaq 100 volatility can erode returns of leveraged ETFs due to daily resets.

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