Gutsy Traders Make $1.5 Billion Triple-Leveraged Bet on Nasdaq 100
Tech stocks have been among the hardest hit, with the so-called Magnificent Seven stocks collectively losing about 20% so far in 2025.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Traders have shoveled record cash into a triple-levered fund tracking the Nasdaq 100, undaunted by the wild market swings of recent days.
Investors sank $1.5 billion into the ProShares UltraPro QQQ fund (ticker TQQQ) in the most recent session for which data is available, the largest inflow in its 15-year history. TQQQ uses derivatives to deliver three times the daily performance of the Nasdaq 100.