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

Posted by Linda Flegge on Aug 14th, 2026

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

Institutional Trading of Direxion Daily Magnificent 7 Bull 2X Shares

Several hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares in the 3rd quarter valued at about $978,000. CPR Investments Inc. bought a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the first quarter valued at approximately $294,000. HRT Financial LP bought a new stake in Direxion Daily Magnificent 7 Bull 2X Shares in the fourth quarter valued at approximately $362,000. Finally, Bank of America Corp DE purchased a new stake in shares of Direxion Daily Magnificent 7 Bull 2X Shares during the fourth quarter valued at approximately $55,000.

Direxion Daily Magnificent 7 Bull 2X Shares Stock Up 2.3%

NYSEARCA QQQU opened at $57.16 on Friday. The stock’s 50-day simple moving average is $53.50 and its two-hundred day simple moving average is $52.63. Direxion Daily Magnificent 7 Bull 2X Shares has a twelve month low of $38.42 and a twelve month high of $66.97. The company has a market capitalization of $76.02 million, a price-to-earnings 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.