Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD) Sees Large Increase in Short Interest

Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 30,489 shares, an increase of 89.3% from the August 31st total of 16,106 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 33,244 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily Magnificent 7 Bear 1X ETF Price Performance

Shares of NYSEARCA:QQQD opened at $11.84 on Tuesday. Direxion Daily Magnificent 7 Bear 1X ETF has a 12-month low of $11.52 and a 12-month high of $15.52. The business has a 50 day moving average of $12.46 and a two-hundred day moving average of $12.95.

Direxion Daily Magnificent 7 Bear 1X ETF 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.