Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Up 176.0% in February

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 103,626 shares, a growth of 176.0% from the January 29th total of 37,550 shares. Currently, 7.1% of the shares of the company are short sold. Based on an average trading volume of 295,058 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 295,058 shares, the short-interest ratio is presently 0.4 days. Currently, 7.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Direxion Daily Magnificent 7 Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of QQQD. One Plus One Wealth Management LLC acquired a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth approximately $4,213,000. Wakefield Asset Management LLLP bought a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter valued at $3,130,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth $433,000. Bank of Montreal Can acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 4th quarter worth $54,000. Finally, Virtu Financial LLC bought a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the fourth quarter worth $454,000.

Direxion Daily Magnificent 7 Bear 1X Shares Price Performance

Shares of Direxion Daily Magnificent 7 Bear 1X Shares stock traded up $0.22 on Thursday, hitting $13.80. The stock had a trading volume of 118,450 shares, compared to its average volume of 178,538. Direxion Daily Magnificent 7 Bear 1X Shares has a twelve month low of $12.66 and a twelve month high of $23.18. The business’s 50 day moving average is $13.26 and its two-hundred day moving average is $13.52.

Direxion Daily Magnificent 7 Bear 1X Shares Company Profile

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.