Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD – Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 20,746 shares, a decrease of 39.9% from the September 30th total of 34,542 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 40,629 shares, the days-to-cover ratio is currently 0.5 days.
Direxion Daily Magnificent 7 Bear 1X ETF Stock Performance
NYSEARCA:QQQD opened at $12.38 on Friday. The firm has a fifty day simple moving average of $11.99 and a two-hundred day simple moving average of $12.93. Direxion Daily Magnificent 7 Bear 1X ETF has a 12 month low of $11.35 and a 12 month high of $15.52.
About Direxion Daily Magnificent 7 Bear 1X ETF
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.
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