Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD – Get Free Report) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 199,247 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 199,247 shares, the days-to-cover ratio is currently 0.0 days.
Direxion Daily Magnificent 7 Bear 1X Shares Stock Performance
Shares of QQQD traded up $0.01 during trading on Friday, reaching $12.74. The company’s stock had a trading volume of 64,429 shares, compared to its average volume of 102,201. The company has a fifty day moving average of $13.18 and a two-hundred day moving average of $14.25. Direxion Daily Magnificent 7 Bear 1X Shares has a twelve month low of $12.66 and a twelve month high of $23.18.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter worth about $433,000. Wakefield Asset Management LLLP acquired a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter worth about $3,130,000. Finally, One Plus One Wealth Management LLC bought a new stake in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter valued at about $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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