NVDL offers a straightforward but unforgiving proposition: double Nvidia's daily return, every day. Since launching in December 2022, it has attracted $4.7 billion in assets by amplifying the defining AI infrastructure stock. Shares sit around $79, down nearly 10% year to date after NVDA slipped 4.5% through mid-January. That divergence matters. NVDL didn't deliver exactly double NVDA's decline because daily leverage compounds, a mechanical reality that erodes returns when the underlying stock swings sideways or trends down.
Irrespective of today's pullback in small caps, some experts might envision a boom in small-cap stocks, and perhaps you want to juice some extra profits if there's a bounce-back. There's no denying that a bet on small-cap growth might bring you amazing results. On the other hand, there are nuances to the Direxion Daily Small Cap Bull ETF that could impact your portfolio, so don't miss out on these crucial details.
ProShares UltraPro QQQ ( NASDAQ:TQQQ) is proof positive that you don't need sophisticated trading know-how to get leverage in the financial markets. Instead of delving into NASDAQ 100 futures contracts or individual stock picking, you can simply use ProShares UltraPro QQQ to get magnified exposure to the biggest names in American technology. While there are other triple-leveraged funds available on the market today, ProShares claims that its ProShares UltraPro QQQ is the "only ETF that targets 3x the daily returns of the Nasdaq-100 Index."