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LETF (Leveraged ETF)
Glossary · Leverage
Definition
Leveraged ETF. An exchange-traded fund using derivatives to deliver a multiple of its benchmark's daily return.
UPRO (3x S&P 500), TQQQ (3x Nasdaq-100), SSO (2x S&P 500).
Terms are defined in the context of how ArthaPilot uses them. For authoritative definitions, consult the SEC, IRS, or a qualified financial advisor.