Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Update

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 37,550 shares, a decline of 52.0% from the January 15th total of 78,210 shares. Based on an average trading volume of 140,697 shares, the short-interest ratio is currently 0.3 days. Currently, 2.6% of the shares of the stock are sold short. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 140,697 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily Magnificent 7 Bear 1X Shares Price Performance

Shares of QQQD traded up $0.31 during mid-day trading on Thursday, hitting $13.90. 318,890 shares of the company traded hands, compared to its average volume of 171,317. The business has a 50-day moving average of $13.11 and a 200 day moving average of $13.60. Direxion Daily Magnificent 7 Bear 1X Shares has a one year low of $12.66 and a one year high of $23.18.

Institutional Investors Weigh In On Direxion Daily Magnificent 7 Bear 1X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the company. One Plus One Wealth Management LLC bought a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter worth $4,213,000. Wakefield Asset Management LLLP acquired a new stake in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter worth about $3,130,000. Susquehanna International Group LLP bought a new stake in Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth about $433,000. Finally, Bank of Montreal Can acquired a new position in Direxion Daily Magnificent 7 Bear 1X Shares during the 4th quarter valued at about $54,000.

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.