Short Interest in Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Grows By 2,146.8%

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 120,652 shares, an increase of 2,146.8% from the December 15th total of 5,370 shares. Approximately 9.5% of the company’s stock are sold short. Based on an average daily volume of 82,700 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 82,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 9.5% of the company’s stock are sold short.

Direxion Daily Magnificent 7 Bear 1X Shares Stock Down 0.2%

Direxion Daily Magnificent 7 Bear 1X Shares stock traded down $0.02 during mid-day trading on Monday, reaching $12.91. The company’s stock had a trading volume of 161,122 shares, compared to its average volume of 88,717. Direxion Daily Magnificent 7 Bear 1X Shares has a 12 month low of $12.66 and a 12 month high of $23.18. The business’s 50 day simple moving average is $13.13 and its 200 day simple moving average is $13.96.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter valued at approximately $433,000. Wakefield Asset Management LLLP acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter valued at approximately $3,130,000. Finally, One Plus One Wealth Management LLC acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd 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.