Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD – Get Free Report) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 37,550 shares, a decline of 52.0% from the January 15th total of 78,210 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 140,697 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 140,697 shares, the short-interest ratio is presently 0.3 days. Currently, 2.6% of the company’s shares are sold short.
Institutional Investors Weigh In On Direxion Daily Magnificent 7 Bear 1X Shares
A number of institutional investors have recently made changes to their positions in QQQD. One Plus One Wealth Management LLC acquired a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter valued at about $4,213,000. Wakefield Asset Management LLLP acquired a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth about $3,130,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter valued at about $433,000. Finally, Bank of Montreal Can acquired a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 4th quarter valued at approximately $54,000.
Direxion Daily Magnificent 7 Bear 1X Shares Trading Up 2.3%
NYSEARCA QQQD traded up $0.31 during trading hours on Thursday, hitting $13.90. The company’s stock had a trading volume of 318,890 shares, compared to its average volume of 171,317. Direxion Daily Magnificent 7 Bear 1X Shares has a twelve month low of $12.66 and a twelve month high of $23.18. The stock has a fifty day moving average of $13.11 and a 200 day moving average of $13.60.
About Direxion Daily Magnificent 7 Bear 1X Shares
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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