TQQQ Pays Interest on $2 of Every $3 It Holds: The Financing Charge the 0.82% Fee Never Mentions

ProShares UltraPro QQQ (TQQQ) lists a 0.82% expense ratio, but the article argues that its unreported financing costs are the more consequential ownership expense. At current interest rates, the cost of maintaining the fund's leveraged exposure reportedly exceeds the published management fee, creating a material drag for long-term holders.