Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU – Get Free Report) shares were down 2.7% on Friday . The stock traded as low as $58.20 and last traded at $58.57. 28,217 shares traded hands during trading, a decline of 60% from the average daily volume of 70,061 shares. The stock had previously closed at $60.22.
Direxion Daily Magnificent 7 Bull 2X Shares Stock Down 2.7%
The stock has a market capitalization of $77.90 million, a P/E ratio of 34.65 and a beta of 3.07. The business’s 50 day simple moving average is $54.92 and its two-hundred day simple moving average is $52.99.
Hedge Funds Weigh In On Direxion Daily Magnificent 7 Bull 2X Shares
Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter valued at about $55,000. Susquehanna International Group LLP bought a new stake in Direxion Daily Magnificent 7 Bull 2X Shares during the 3rd quarter worth approximately $978,000. HRT Financial LP purchased a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the fourth quarter worth approximately $362,000. Finally, CPR Investments Inc. purchased a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the first quarter worth approximately $294,000.
Direxion Daily Magnificent 7 Bull 2X Shares Company Profile
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.
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