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XQQU

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1d
1w
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Analysis and statistics

  • Open
    76.924$
  • Previous Close
    76.9242$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

XQQU.TO is the Horizons Nasdaq-100 Covered Call ETF. It is a Canadian-listed exchange-traded fund that seeks to provide income and capital appreciation by investing in the Nasdaq-100 Index and writing covered call options on a portion of the portfolio. The fund's investment objective is to replicate, to the extent possible, the performance of the Nasdaq-100 Index while mitigating downside risk through the use of a covered call strategy.

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Factors

Underlying Index Performance: XQQU.TO's price directly mirrors the inverse performance of the NASDAQ 100. A rising NASDAQ 100 leads to a price decrease in XQQU.TO, and vice-versa.

Leverage: XQQU.TO employs 2x leverage, meaning its price changes are amplified relative to the NASDAQ 100's inverse movement. This magnifies both gains and losses.

Management Fees & Expenses: The ETF's management expense ratio (MER) slightly reduces returns over time as these fees are deducted from the fund's assets.

Supply and Demand: Market demand for XQQU.TO shares influences its price. Higher demand pushes the price up, while increased selling pressure lowers it.

Currency Fluctuations: As the NASDAQ 100 is USD-denominated, CAD/USD exchange rate variations can affect XQQU.TO's price when viewed in Canadian dollars.

Volatility: Higher volatility in the NASDAQ 100 generally leads to larger price swings in XQQU.TO due to its leveraged inverse nature.

Trading Volume and Liquidity: Higher trading volume generally leads to tighter bid-ask spreads and more efficient price discovery, making it easier to buy and sell shares at a fair price. Low liquidity can widen spreads and increase transaction costs.

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