Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Up 2,146.8% in December

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 120,652 shares, a growth of 2,146.8% from the December 15th total of 5,370 shares. Based on an average daily volume of 82,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 9.5% of the company’s shares are sold short. Approximately 9.5% of the company’s shares are sold short. Based on an average daily volume of 82,700 shares, the days-to-cover ratio is currently 1.5 days.

Direxion Daily Magnificent 7 Bear 1X Shares Stock Up 0.6%

QQQD stock opened at $12.99 on Wednesday. Direxion Daily Magnificent 7 Bear 1X Shares has a one year low of $12.66 and a one year high of $23.18. The firm’s 50 day moving average price is $13.13 and its 200-day moving average price is $13.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in QQQD. One Plus One Wealth Management LLC purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the 3rd quarter valued at approximately $4,213,000. Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth $433,000. Finally, Wakefield Asset Management LLLP purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares in the third quarter valued at $3,130,000.

Direxion Daily Magnificent 7 Bear 1X Shares 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.