What is a 3x leveraged ETF?

Related questions

1. Is higher or lower leverage better?
2. How does a short ETF work?
3. What is a 2x leveraged ETF?
4. What is the Tqqq?
5. What is a cash settled option?
6. What companies are in Nasdaq?
7. Why are leveraged ETFs dangerous?
8. Can mutual funds use leverage?
9. Can you short an ETF?

Tags

1. #stocks
2. #times
3. #funds
4. #commodity
5. #return
6. #apply
7. #asset
8. #index
9. #monthly
10. #three
11. #underlying
12. #leveraged
13. #variety
14. #respective
15. #track
16. #order
17. #classes
18. #bonds
19. #daily
20. #futures
21. #leverage