The fund will seek investment results corresponding to the inverse (-100%) of the calendar month performance of the Invesco QQQ ETF.
Tradr ETFs, a US exchange-traded fund (ETF) provider of leveraged and inversed funds, has launched the Tradr 1X Short Innovation 100 Monthly ETF (SMQ). The fund has been listed on the Chicago Board Option Exchange (Cboe) since 28 November The fund seeks investment results, before fees and expenses, that correspond to the inverse (-100%) of the calendar month performance of the Invesco QQQ ETF. The Invesco QQQ ETF tracks the tech-heavy Nasdaq 100 Index and provides exposure to the largest in