Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU) Short Interest Down 59.2% in December

Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU) saw a significant decrease in short interest in December. As of December 31st, there was short interest totaling 14,525 shares, a decrease of 59.2% from the December 15th total of 35,641 shares. Based on an average daily trading volume, of 62,954 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 62,954 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily Magnificent 7 Bull 2X Shares Stock Down 0.4%

Shares of Direxion Daily Magnificent 7 Bull 2X Shares stock traded down $0.23 during trading on Friday, hitting $54.35. The stock had a trading volume of 36,458 shares, compared to its average volume of 69,674. Direxion Daily Magnificent 7 Bull 2X Shares has a 1 year low of $22.55 and a 1 year high of $66.97. The stock has a 50 day simple moving average of $58.04 and a 200 day simple moving average of $54.79. The company has a market capitalization of $108.70 million, a PE ratio of 34.65 and a beta of 2.99.

Direxion Daily Magnificent 7 Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a dividend of $5.3084 per share. This represents a $21.23 annualized dividend and a yield of 39.1%. The ex-dividend date was Wednesday, December 10th.

Institutional Trading of Direxion Daily Magnificent 7 Bull 2X Shares

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its position in Direxion Daily Magnificent 7 Bull 2X Shares by 262.5% during the second quarter. SBI Securities Co. Ltd. now owns 3,273 shares of the company’s stock valued at $142,000 after buying an additional 2,370 shares during the period. Southland Equity Partners LLC purchased a new position in Direxion Daily Magnificent 7 Bull 2X Shares during the 3rd quarter valued at about $592,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Direxion Daily Magnificent 7 Bull 2X Shares by 32.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,829 shares of the company’s stock valued at $166,000 after purchasing an additional 934 shares during the period. Financial & Tax Architects LLC acquired a new position in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the 2nd quarter valued at about $207,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the third quarter worth approximately $978,000.

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.