Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU) Sees Large Increase in Short Interest

Posted by Paula Ricardo on Mar 25th, 2026

Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU – Get Free Report) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 42,889 shares, a growth of 191.4% from the February 26th total of 14,719 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 70,248 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 70,248 shares, the days-to-cover ratio is currently 0.6 days. Approximately 2.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Direxion Daily Magnificent 7 Bull 2X Shares

Several institutional investors and hedge funds have recently made changes to their positions in QQQU. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the third quarter valued at about $978,000. Southland Equity Partners LLC acquired a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the 3rd quarter worth about $592,000. HRT Financial LP acquired a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the 4th quarter worth about $362,000. Financial & Tax Architects LLC bought a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the 2nd quarter valued at about $207,000. Finally, Bank of America Corp DE acquired a new position in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter worth approximately $55,000.

Direxion Daily Magnificent 7 Bull 2X Shares Trading Up 1.5%

NYSEARCA:QQQU traded up $0.65 on Wednesday, hitting $44.08. The company’s stock had a trading volume of 79,859 shares, compared to its average volume of 72,319. Direxion Daily Magnificent 7 Bull 2X Shares has a one year low of $22.55 and a one year high of $66.97. The stock has a fifty day moving average of $50.42 and a two-hundred day moving average of $55.71. The firm has a market capitalization of $85.96 million, a P/E ratio of 34.65 and a beta of 2.99.

About Direxion Daily Magnificent 7 Bull 2X Shares

(Get Free Report)

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.