Seeks to provide 2x the monthly return of the NASDAQ-100 Index. Invests at least 80% of net assets in NASDAQ-100 securities, ETFs, and other financial instruments. Now — the numbers.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
It pays out $14.29 per share each year — regular cash for whoever holds the stock.
This stock swings about 2.2 times as much as the market average. Big rallies — and big drops — can both happen fast.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.