Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 20,746 shares, a drop of 39.9% from the September 30th total of 34,542 shares. Based on an average trading volume of 40,629 shares, the short-interest ratio is currently 0.5 days. Currently, 0.9% of the company’s shares are sold short.
Direxion Daily Magnificent 7 Bear 1X ETF Price Performance
Shares of NYSEARCA:QQQD opened at $12.38 on Friday. Direxion Daily Magnificent 7 Bear 1X ETF has a 1 year low of $11.35 and a 1 year high of $15.52. The business’s 50-day moving average is $11.99 and its 200-day moving average is $12.93.
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.
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