Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Update

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 40,783 shares, a decrease of 59.8% from the February 26th total of 101,470 shares. Based on an average daily volume of 218,734 shares, the days-to-cover ratio is presently 0.2 days. Approximately 2.8% of the shares of the company are short sold.

Direxion Daily Magnificent 7 Bear 1X Shares Stock Up 3.0%

NYSEARCA QQQD opened at $15.45 on Friday. Direxion Daily Magnificent 7 Bear 1X Shares has a 12-month low of $12.66 and a 12-month high of $23.18. The company has a fifty day simple moving average of $13.83 and a two-hundred day simple moving average of $13.48.

Institutional Trading of Direxion Daily Magnificent 7 Bear 1X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Direxion Daily Magnificent 7 Bear 1X Shares during the 4th quarter valued at about $454,000. Bank of Montreal Can acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the fourth quarter worth about $54,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter worth about $433,000. Wakefield Asset Management LLLP purchased a new stake in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter valued at approximately $3,130,000. Finally, One Plus One Wealth Management LLC purchased a new stake in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter valued at approximately $4,213,000.

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.