Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 20,746 shares, a decrease of 39.9% from the September 30th total of 34,542 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 40,629 shares, the days-to-cover ratio is presently 0.5 days.
Direxion Daily Magnificent 7 Bear 1X ETF Trading Up 0.7%
NYSEARCA:QQQD traded up $0.09 during mid-day trading on Monday, hitting $12.47. The stock had a trading volume of 78,597 shares, compared to its average volume of 132,450. Direxion Daily Magnificent 7 Bear 1X ETF has a twelve month low of $11.35 and a twelve month high of $15.52. The company’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $12.93.
About Direxion Daily Magnificent 7 Bear 1X ETF
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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