Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 47,261 shares, a growth of 154.8% from the April 30th total of 18,548 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 104,463 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of Direxion Daily Magnificent 7 Bear 1X Shares
Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can bought a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the fourth quarter worth approximately $54,000. Susquehanna International Group LLP bought a new stake in Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter valued at $433,000. Virtu Financial LLC bought a new stake in Direxion Daily Magnificent 7 Bear 1X Shares during the 4th quarter valued at $454,000. Finally, Wakefield Asset Management LLLP purchased a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter worth $3,130,000.
Direxion Daily Magnificent 7 Bear 1X Shares Trading Up 0.4%
QQQD traded up $0.05 on Friday, reaching $12.14. 108,124 shares of the company traded hands, compared to its average volume of 181,125. Direxion Daily Magnificent 7 Bear 1X Shares has a one year low of $12.01 and a one year high of $17.14. The firm has a fifty day simple moving average of $13.30 and a two-hundred day simple moving average of $13.36.
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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