Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Up 185.2% in December

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 5,370 shares, an increase of 185.2% from the November 30th total of 1,883 shares. Based on an average daily trading volume, of 199,247 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 199,247 shares, the days-to-cover ratio is currently 0.0 days.

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

Several large investors have recently added to or reduced their stakes in QQQD. One Plus One Wealth Management LLC purchased a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter worth approximately $4,213,000. Wakefield Asset Management LLLP bought a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter worth $3,130,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter valued at approximately $433,000.

Direxion Daily Magnificent 7 Bear 1X Shares Stock Up 0.3%

Shares of NYSEARCA QQQD opened at $12.77 on Friday. The business has a fifty day moving average price of $13.16 and a two-hundred day moving average price of $14.21. Direxion Daily Magnificent 7 Bear 1X Shares has a fifty-two week low of $12.66 and a fifty-two week high of $23.18.

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.