Investors Bet $1.5 Billion on a Big Tech Stock Rebound
- Investors piled into TQQQ fund on Friday to bet on a rebound
- Nasdaq 100 futures are jumping in Tuesday morning premarket
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The stock market’s rapid rebound is good news for ETF traders who’ve sunk a record $1.5 billion on a high-octane tech bet.
With the Nasdaq 100 Index surging on Tuesday, it looks like vindication for investors who poured into the ProShares UltraPro QQQ ETF (ticker TQQQ) en masse in the Friday rout.