ProShares UltraPro QQQ (TQQQ)
ProShares UltraPro QQQ (TQQQ) invests in the Nasdaq-100 Index — a collection of the Nasdaq’s 100 largest non-financial stocks — but uses swaps and derivatives to reflect a 3x movement in the index. Ergo, theoretically three times the returns, and three times the potential losses.
Apple (AAPL) holds a 12.4% position as far as assets are concerns, with nine other well-known stocks taking up well more than a third of the assets. These include Amazon (AMZN), Google (GOOG), and Microsoft (MSFT).
The expense ratio is 0.95%, so it isn’t a cheap play, but when big tech gets goin’, TQQQ gets goin’ through the roof.