Nasdaq 100 index swap
The NASDAQ-100 (^NDX) is a stock market index made up of 103 equity securities issued by 100 of the largest non-financial companies listed on the NASDAQ.It is a modified capitalization-weighted index.The stocks' weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components.It is based on exchange, and it is not an index of U ProShares UltraPro QQQ seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Nasdaq-100 Index ®. This leveraged ProShares ETF seeks a return that is 3x the return of its underlying benchmark (target) for a single day , as measured from one NAV calculation to the next.