Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Down 82.2% in May

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 8,418 shares, a decrease of 82.2% from the May 14th total of 47,261 shares. Based on an average trading volume of 142,405 shares, the short-interest ratio is presently 0.1 days. Currently, 0.5% of the company’s stock are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of QQQD. Bank of Montreal Can acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the fourth quarter worth $54,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter worth $433,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the fourth quarter worth $454,000. Finally, Wakefield Asset Management LLLP acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter worth $3,130,000.

Direxion Daily Magnificent 7 Bear 1X Shares Trading Up 0.2%

NYSEARCA:QQQD traded up $0.02 during midday trading on Friday, reaching $13.21. 59,026 shares of the stock traded hands, compared to its average volume of 182,287. Direxion Daily Magnificent 7 Bear 1X Shares has a 12-month low of $12.01 and a 12-month high of $16.67. The business has a 50-day moving average of $12.93 and a two-hundred day moving average of $13.31.

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.