The WisdomTree NASDAQ 100 3x Daily Short is an exchange-traded fund designed to provide three times the inverse daily performance of the NASDAQ 100 Index. This index comprises 100 of the largest non-financial companies listed on the NASDAQ, typically representing technology and growth sectors.
This ETF primarily uses derivatives, such as swaps, to achieve its leveraged inverse exposure to the underlying index's daily movements. Managed by WisdomTree, its main purpose is to allow investors to potentially benefit from daily declines in the NASDAQ 100 via a single investment.
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