Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD) Short Interest Up 154.8% in May

Posted by Linda Flegge on May 31st, 2026

Direxion Daily Magnificent 7 Bear 1X Shares (NYSEARCA:QQQD – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 47,261 shares, a growth of 154.8% from the April 30th total of 18,548 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 104,463 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Direxion Daily Magnificent 7 Bear 1X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of QQQD. Bank of Montreal Can purchased a new position in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the fourth quarter valued at approximately $54,000. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter worth approximately $433,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily Magnificent 7 Bear 1X Shares during the 4th quarter worth approximately $454,000. Finally, Wakefield Asset Management LLLP purchased a new position in Direxion Daily Magnificent 7 Bear 1X Shares during the 3rd quarter valued at $3,130,000.

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

Shares of QQQD stock traded up $0.05 on Friday, reaching $12.14. The company’s stock had a trading volume of 108,124 shares, compared to its average volume of 181,125. The stock’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $13.36. Direxion Daily Magnificent 7 Bear 1X Shares has a 1 year low of $12.01 and a 1 year high of $17.14.

Direxion Daily Magnificent 7 Bear 1X Shares Company Profile

(Get Free Report)

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.