1 ETF That's A Great Idea To Tap Into Right Now

[ETF Daily News]( September 16th, 2022 SPONSORED AD [The real reason why Elon Musk is pushing his Made-In-America motto]( Tesla is racing to reduce its dependence on Chinese resources. Musk is championing a "Made-in-America" motto that genuinely resonates among investors. Musk is doing it because he knows China could bring America's electric vehicle boom to its knees. While Musk focuses on lithium... [Another company is tackling America's dire lack of graphite.]( [1 ETF That's A Great Idea To Tap Into Right Now]( ProShares Short QQQ ([PSQ]( offers inverse exposure to the NASDAQ-100 index, an index of 100 tech-heavy companies listed on NASDAQ that excludes financials. This exposure is achieved by the fund using a combination of NASDAQ-100 futures, the NASDAQ-100 ETF (QQQ), and swaps on the index itself. After the August inflation report came in hotter than anticipated, which hurt investor optimism for cooling prices and a less aggressive Federal Reserve, stocks fell sharply on Tuesday. Tech stocks mainly took a significant hit. The tech-heavy Nasdaq composite has declined more than 25% year-to-date and more than 10% over the past month. In contrast, PSQ has gained 24.6% year-to-date and 11% over the past month to close its last trading session at $13.49. Here are the factors that could influence PSQ's performance in the near term: Fund Stats PSQ has $1.50 billion in assets under management and a [NAV]( of $13.61. Its gross expense ratio of 0.95% is significantly lower than the category average of 1.12%. The fund has a net flow of $783.72 million over the past year and $212.16 million over the past month. Top Holdings The fund's top holdings include Nasdaq 100 Index Swap Goldman Sachs International with a 19.9% weight, Nasdaq 100 Index Swap Citibank Na with 19% weight, and United States Treasury Bills with a 7.9% weight. [TOP 10 STOCKS FOR THE YEAR AHEAD]( Uncertain Market Conditions Since the hotter-than-expected inflation data for August has increased the odds of an aggressive interest rate hike, the market is expected to remain under pressure on concerns over the economy slipping into a recession. Therefore… Continue reading at [STOCKNEWS.com]( SPONSORED AD [Privacy Policy]( | [Advertiser Disclosure]( Copyright © 2022 StockNews.com | All Rights Reserved [Unsubscribe]( [Privacy Policy]( [Terms & Conditions]( Financial Answers, 1 Penn Plaza, Suite 3910, New York, NY 10019