Direxion Daily Magnificent 7 Bear 1X ETF (NYSEARCA:QQQD – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 20,746 shares, a decline of 39.9% from the September 30th total of 34,542 shares. Based on an average daily volume of 40,629 shares, the short-interest ratio is presently 0.5 days. Currently, 0.9% of the shares of the stock are sold short.
Direxion Daily Magnificent 7 Bear 1X ETF Stock Down 0.7%
NYSEARCA:QQQD traded down $0.09 during mid-day trading on Tuesday, reaching $12.38. 42,748 shares of the company were exchanged, compared to its average volume of 132,024. Direxion Daily Magnificent 7 Bear 1X ETF has a 12 month low of $11.35 and a 12 month high of $15.52. The company has a fifty day moving average of $11.99 and a 200 day moving average of $12.92.
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.
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