Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU) Short Interest Down 61.9% in July

Posted by Renee Jackson on Aug 15th, 2026

Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,558 shares, a decline of 61.9% from the July 15th total of 38,168 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 46,281 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Direxion Daily Magnificent 7 Bull 2X Shares

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter worth about $55,000. HRT Financial LP acquired a new stake in Direxion Daily Magnificent 7 Bull 2X Shares during the fourth quarter worth approximately $362,000. CPR Investments Inc. bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the first quarter worth approximately $294,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the third quarter valued at approximately $978,000.

Direxion Daily Magnificent 7 Bull 2X Shares Stock Performance

QQQU traded down $0.30 during trading hours on Friday, reaching $56.86. The company’s stock had a trading volume of 16,749 shares, compared to its average volume of 74,627. The company’s 50-day moving average is $53.53 and its 200-day moving average is $52.66. Direxion Daily Magnificent 7 Bull 2X Shares has a 52 week low of $38.42 and a 52 week high of $66.97. The firm has a market cap of $75.62 million, a PE ratio of 34.65 and a beta of 3.06.

Direxion Daily Magnificent 7 Bull 2X Shares Company Profile

(Get Free Report)

The Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) is an exchange-traded fund that is based on the Indxx Front of the Q index. The fund tracks 2x the daily price movements of an equal-weighted index of the seven largest NASDAQ-listed companies. QQQU was launched on Mar 7, 2024 and is issued by Direxion.