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

Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 30,489 shares, a growth of 89.3% from the August 31st total of 16,106 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 33,244 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily Magnificent 7 Bear 1X ETF Price Performance

Direxion Daily Magnificent 7 Bear 1X ETF stock traded down $0.05 during trading on Wednesday, hitting $11.81. The stock had a trading volume of 24,026 shares, compared to its average volume of 141,123. The stock’s 50 day moving average is $12.45 and its two-hundred day moving average is $12.94. Direxion Daily Magnificent 7 Bear 1X ETF has a 1 year low of $11.52 and a 1 year high of $15.52.

About Direxion Daily Magnificent 7 Bear 1X ETF

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.