Tradr 2X Long Innovation 100 Monthly ETF (MQQQ)
Tradr 2X Long Innovation 100 Monthly ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Port Chester, NY, US. The stock last traded at $244.60, up 1.06% on the session, giving a market capitalisation of $28.8M. Its beta of 2.65 implies it has historically moved more than the broad market.
MQQQ provides 2x leveraged exposure to the monthly performance of QQQ, an ETF composed of 100 NASADAQ-listed stocks. The strategy involves entering into one or more swap agreements intended to produce leveraged investment results relative to the returns of QQQ. Unlike traditional ETFs, MQQQ introduces added volatility due to its lack of diversification and use of leverage. Holdings are rebalanced at month-end to maintain the 200% exposure. However, if QQQs price drops by 35% or more within a month, the fund will rebalance early to protect against further losses, although this may prevent it from meeting its target return for that month. To maximize results, the fund places its remaining cash in US government securities, money market funds, short-term bond ETFs, or high-quality corporate debt as collateral. Before May 16, 2025, the fund was named Tradr 2X Long Triple Q Monthly ETF.
Tradr 2X Long Innovation 100 Monthly ETF is most often compared with the following Financial Services names: