Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD – Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 47,261 shares, a growth of 154.8% from the April 30th total of 18,548 shares. Based on an average daily volume of 104,463 shares, the short-interest ratio is presently 0.5 days. Currently, 2.6% of the company’s shares are sold short.
Hedge Funds Weigh In On Direxion Daily Magnificent 7 Bear 1X Shares
A number of institutional investors have recently bought and sold shares of the company. Wakefield Asset Management LLLP purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter worth about $3,130,000. Virtu Financial LLC purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares during the fourth quarter worth about $454,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter valued at about $433,000. Finally, Bank of Montreal Can acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the fourth quarter valued at about $54,000.
Direxion Daily Magnificent 7 Bear 1X Shares Price Performance
QQQD stock traded up $0.05 during trading on Friday, reaching $12.14. 108,124 shares of the stock were exchanged, compared to its average volume of 181,125. The business has a 50 day moving average price of $13.30 and a 200-day moving average price of $13.36. Direxion Daily Magnificent 7 Bear 1X Shares has a 1 year low of $12.01 and a 1 year high of $17.14.
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.
Further Reading
- Five stocks we like better than Direxion Daily Magnificent 7 Bear 1X Shares
- These 3 CLO ETFs Target a Niche Corner of the Fixed-Income Market
- 3 Ways to Play the Data Center Land Grab
- The Smarter Way to Invest in AI Without Taking Extreme Risk
- 3 Dividend Kings That Earn Their Crown Every Quarter
Receive News & Ratings for Direxion Daily Magnificent 7 Bear 1X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Magnificent 7 Bear 1X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
