SQQQ's Silent Killer: How Daily Resets Have Erased 99.97% Since Launch

If you bought ProShares UltraPro Short QQQ (NASDAQ:SQQQ) a year ago to hedge a tech selloff, your bet against the Nasdaq-100 has cost you most of your money. The fund is down 62.69% over the past year, while the index it shorts, tracked by QQQ, is up 36.56%. The marketing calls SQQQ a tactical tool. ... SQQQ’s Silent Killer: How Daily Resets Have Erased 99.97% Since Launch