SPYQ

This ETF provides a financial product that seeks to deliver twice the daily performance of the S&P 500 index through the use of derivatives like swaps and futures. It is used by experienced traders and investors who want to amplify their exposure to large-cap U.S. stocks for potential higher returns in a single day. The ETF makes money by charging an expense ratio on assets under management, and it may generate additional revenue from securities lending, but its primary value comes from tracking the leveraged index returns.