Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU – Get Free Report) shares rose 2.6% on Thursday . The company traded as high as $55.11 and last traded at $55.06. Approximately 33,269 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 80,687 shares. The stock had previously closed at $53.65.
Direxion Daily Magnificent 7 Bull 2X Shares Trading Up 2.4%
The stock’s 50-day moving average price is $56.23 and its two-hundred day moving average price is $52.87. The stock has a market capitalization of $73.32 million, a P/E ratio of 34.65 and a beta of 3.09.
Institutional Trading of Direxion Daily Magnificent 7 Bull 2X Shares
A number of large investors have recently bought and sold shares of QQQU. CPR Investments Inc. bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the first quarter valued at $294,000. HRT Financial LP bought a new position in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter worth $362,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares by 140.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,062 shares of the company’s stock worth $60,000 after acquiring an additional 621 shares during the period. Susquehanna International Group LLP purchased a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the 3rd quarter worth about $978,000. Finally, Bank of America Corp DE purchased a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the 4th quarter worth about $55,000.
About Direxion Daily Magnificent 7 Bull 2X Shares
The Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) is an exchange-traded fund that is based on the Indxx Front of the Q index. The fund tracks 2x the daily price movements of an equal-weighted index of the seven largest NASDAQ-listed companies. QQQU was launched on Mar 7, 2024 and is issued by Direxion.
Further Reading
- Five stocks we like better than Direxion Daily Magnificent 7 Bull 2X Shares
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Receive News & Ratings for Direxion Daily Magnificent 7 Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Magnificent 7 Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
