Southland Equity Partners LLC Invests $592,000 in Direxion Daily Magnificent 7 Bull 2X Shares $QQQU

Southland Equity Partners LLC purchased a new position in Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,062 shares of the company’s stock, valued at approximately $592,000. Southland Equity Partners LLC owned approximately 0.54% of Direxion Daily Magnificent 7 Bull 2X Shares at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares by 262.5% in the second quarter. SBI Securities Co. Ltd. now owns 3,273 shares of the company’s stock worth $142,000 after buying an additional 2,370 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Direxion Daily Magnificent 7 Bull 2X Shares by 32.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,829 shares of the company’s stock worth $166,000 after acquiring an additional 934 shares during the last quarter. HighTower Advisors LLC bought a new position in Direxion Daily Magnificent 7 Bull 2X Shares in the 1st quarter valued at approximately $415,000. Bank of America Corp DE purchased a new stake in Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter valued at $55,000. Finally, Financial & Tax Architects LLC purchased a new stake in Direxion Daily Magnificent 7 Bull 2X Shares during the 2nd quarter valued at $207,000.

Direxion Daily Magnificent 7 Bull 2X Shares Price Performance

QQQU stock opened at $58.20 on Wednesday. The stock has a market capitalization of $109.42 million, a P/E ratio of 34.65 and a beta of 2.99. Direxion Daily Magnificent 7 Bull 2X Shares has a 1-year low of $22.55 and a 1-year high of $66.97. The business has a fifty day moving average price of $59.71 and a 200-day moving average price of $53.18.

Direxion Daily Magnificent 7 Bull 2X Shares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were issued a dividend of $5.3084 per share. This represents a $21.23 dividend on an annualized basis and a dividend yield of 36.5%. The ex-dividend date of this dividend was Wednesday, December 10th.

Direxion Daily Magnificent 7 Bull 2X Shares Company Profile

The Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) is an exchange-traded fund that is based on the Indxx Front of the Q index. The fund tracks 2x the daily price movements of an equal-weighted index of the seven largest NASDAQ-listed companies. QQQU was launched on Mar 7, 2024 and is issued by Direxion.