ETF Update: SQQQ, TYH, SPY
Thursday, August 26, 2021 6:24 PM

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ProShares UltraPro Short QQQ (NASDAQ: SQQQ) was one of the biggest gainers among the ETFs on Thursday, August 26. The fund rallied 3.46% to close at $65.40. ProShares UltraPro Short QQQ seeks daily investment results, before fees and expenses, that correspond to triple (300%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index.

Direxion Daily Technology Bull 3X Shares (NYSEArca: TYH) was one of the biggest losers among the ETFs. The fund slumped 2.96% to close at $24.58. The Technology Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000 Technology Index.

Standard & Poor's Depositary Re (NYSEArca: SPY), as usual, was the most active ETF by share volume. The fund seeks to correspond generally to the price and yield performance, before fees and expenses, of the S&P 500 Index. SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks. SPY closed at $105.23 and had a volume of 221.486M shares.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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