Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU) Sees Significant Growth in Short Interest

Posted by James Quigley on Jul 30th, 2026

Direxion Daily Magnificent 7 Bull 2X Shares (NYSEARCA:QQQU – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 38,168 shares, a growth of 134.5% from the June 30th total of 16,277 shares. Based on an average daily volume of 58,142 shares, the short-interest ratio is presently 0.7 days. Approximately 2.9% of the company’s shares are short sold.

Direxion Daily Magnificent 7 Bull 2X Shares Trading Up 4.3%

NYSEARCA:QQQU traded up $2.06 on Thursday, hitting $49.91. 21,832 shares of the stock were exchanged, compared to its average volume of 77,055. The stock has a fifty day moving average of $54.48 and a 200-day moving average of $52.50. The stock has a market cap of $66.38 million, a PE ratio of 34.65 and a beta of 3.09. Direxion Daily Magnificent 7 Bull 2X Shares has a fifty-two week low of $38.42 and a fifty-two week high of $66.97.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of QQQU. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Direxion Daily Magnificent 7 Bull 2X Shares by 140.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,062 shares of the company’s stock worth $60,000 after purchasing an additional 621 shares during the period. Bank of America Corp DE bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter valued at about $55,000. HRT Financial LP bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the 4th quarter valued at about $362,000. CPR Investments Inc. acquired a new stake in Direxion Daily Magnificent 7 Bull 2X Shares during the first quarter worth about $294,000. Finally, Susquehanna International Group LLP acquired a new stake in Direxion Daily Magnificent 7 Bull 2X Shares during the third quarter worth about $978,000.

About Direxion Daily Magnificent 7 Bull 2X Shares

(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.