NASDAQ 100 After Hours Indicator Down -1.71; CSX, INTC, MRK, NVDA, IBN, KO, FUN, PEP, CX, WMT, HTZ, QQQ Most Active Stocks

The NASDAQ 100 After Hours Indicator is down 1.71 to 23,383.06, with 259,932,235 shares traded. The most active stocks include CSX Corporation (-0.04 at $36.48), Intel Corporation (-0.2 at $25.11), Merck & Company (+0.05 at $84.98), NVIDIA Corporation (+0.07 at $175.71), ICICI Bank Limited (unchanged at $32.88), Coca-Cola Company (-0.08 at $70.05), Six Flags Entertainment Corporation (unchanged at $25.98), Pepsico (-0.15 at $152.01), Cemex S.A.B. de C.V. (+0.02 at $8.67), and Walmart Inc. (+0.16 at $101.45).

ProShares has expanded its suite of Nasdaq-100-linked ETFs with the launch of ProShares Ultra QQQ Top 30 (QQXL), an ETF targeting 2x daily returns of the Nasdaq-100 Top 30 Index. This new fund focuses on 30 large and influential tech companies, providing investors with a concentrated exposure to these market leaders [1].

The Nasdaq-100 Top 30 Index includes prominent tech companies such as Nvidia, Apple, Meta Platforms, and Palantir. The index's weightings are as follows: Nvidia (13.40%), Apple (9.57%), Meta Platforms (4.91%), and Palantir (2.86%) [1]. ProShares CEO Michael L. Sapir commented on the launch, stating, "In recent years, market leadership has converged around a group of innovators—many in technology—who are redefining what’s possible, a trend that investors are eager to capture." With QQXL, investors can now target 2x the daily returns of these market leaders with the ease and convenience of a single ETF trade [1].

Geared ProShares ETFs, such as QQXL, seek daily investment results that correspond to a multiple of the daily performance of their underlying benchmark. While the funds have a daily investment objective, investors may hold shares for longer periods if they believe it aligns with their goals and risk tolerance. However, the fund's performance may deviate from its target, especially under extreme market conditions [1].

Investors should be aware of the risks associated with leveraged ETFs, including the potential for significant losses and higher volatility. ProShares ETFs are non-diversified and may concentrate investments in certain sectors, such as technology. Additionally, technology companies may face intense competition, obsolescence of existing technology, changing economic conditions, and government regulation [1].

Shares of any ETF are generally bought and sold at market price and are not individually redeemed from the fund. Investors should carefully consider the investment objectives, risks, charges, and expenses of ProShares before investing. Detailed information can be found in the summary and full prospectuses at ProShares.com [1].

References:
[1] https://www.ainvest.com/news/proshares-launches-2x-daily-nasdaq-100-top-30-index-etf-2508/