Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,370 shares, an increase of 185.2% from the November 30th total of 1,883 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 199,247 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 199,247 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.4% of the shares of the company are short sold.
Direxion Daily Magnificent 7 Bear 1X Shares Price Performance
NYSEARCA QQQD traded up $0.01 on Friday, hitting $12.74. The stock had a trading volume of 64,429 shares, compared to its average volume of 102,201. The company’s 50-day moving average is $13.18 and its two-hundred day moving average is $14.25. Direxion Daily Magnificent 7 Bear 1X Shares has a one year low of $12.66 and a one year high of $23.18.
Institutional Trading of Direxion Daily Magnificent 7 Bear 1X Shares
Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth $433,000. Wakefield Asset Management LLLP acquired a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter valued at $3,130,000. Finally, One Plus One Wealth Management LLC acquired a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter valued at $4,213,000.
About Direxion Daily Magnificent 7 Bear 1X Shares
The Direxion Daily Concentrated Qs Bear 1X Shares (QQQD) is an exchange-traded fund that is based on the Indxx Front of the Q index. The fund tracks -1x the daily price movements of an equal-weighted index of the seven largest NASDAQ-listed companies. QQQD was launched on Mar 7, 2024 and is issued by Direxion.
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