Wakefield Asset Management LLLP Invests $3.13 Million in Direxion Daily Magnificent 7 Bear 1X Shares $QQQD

Wakefield Asset Management LLLP purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 232,196 shares of the company’s stock, valued at approximately $3,130,000. Wakefield Asset Management LLLP owned approximately 0.17% of Direxion Daily Magnificent 7 Bear 1X Shares as of its most recent filing with the Securities and Exchange Commission.

Separately, One Plus One Wealth Management LLC purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares during the third quarter valued at $4,213,000.

Direxion Daily Magnificent 7 Bear 1X Shares Trading Down 0.4%

Shares of NYSEARCA:QQQD opened at $13.89 on Wednesday. The stock has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $13.47. Direxion Daily Magnificent 7 Bear 1X Shares has a 12-month low of $12.66 and a 12-month 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.