(TQQQ) ProShares UltraPro QQQ - Ratings and Ratios

ProShares UltraPro QQQ (TQQQ) is an ETF that aims to provide daily returns consistent with three times the performance of the Nasdaq-100 Index, which tracks the 100 largest non-financial Nasdaq-listed companies. The fund achieves this through a leveraged investment strategy, typically allocating at least 80% of its assets to the indexs components or similar financial instruments.

As a non-diversified, leveraged equity ETF, TQQQ is designed for traders seeking amplified exposure to the Nasdaq-100 Index. Its investment approach is geared towards short-term trading rather than long-term holding, making it a tool for active traders. Key performance indicators (KPIs) to monitor include its ability to track the underlying index, the level of leverage employed, and the associated fees, which can impact overall returns.

From a trading perspective, TQQQs support levels indicate potential areas where the price may stabilize or bounce back. Notably, the ETF has shown support at various price points, including $84.9, $81.1, and $79.5. A break below these levels could signal further declines. Conversely, the ETFs recent price action, with a last price of $87.05, suggests a bullish trend, supported by its short-term moving averages (SMA20: $81.50). Other relevant KPIs include the ETFs trading volume, bid-ask spread, and the premium/discount to its net asset value (NAV).

With assets under management (AUM) of approximately $27.31 billion, TQQQ is a sizable and liquid ETF, making it easier for traders to enter and exit positions. However, its leveraged nature means that it is sensitive to market volatility, and traders should be prepared for potential significant price swings. Monitoring the ETFs ATR (2.34, or 2.69%) can provide insights into its current volatility.