On September 17, ProShares UltraPro QQQ rose 5.01% in pre-market trading, trading at $71.3296/share, with turnover of $134 million. As a 3x leveraged ETF tracking the Nasdaq 100 index, the fund's sharp pre-market gain closely mirrors amplified moves in the underlying index.

The rally was driven by a broad-based surge in Nasdaq 100 index futures, which expanded gains to as much as 1.1% after the Federal Reserve's policy outlook reassured investors about continued efforts to contain inflation, prompting a retreat in bond yields. Prior to the decision, the 10-year U.S. Treasury yield had been hovering near 4.977%, just below the psychologically significant 5% threshold. Market participants closely monitored remarks from Fed Chair Kevin Warsh for signals on the rate path, with economists noting he may frame the recent rise in yields as a reflection of stronger growth expectations.

ProShares UltraPro QQQ invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)