Direxion Daily Magnificent 7 Bull 2X SharesDirexion Daily Magnificent 7 Bull 2X SharesDirexion Daily Magnificent 7 Bull 2X Shares

Direxion Daily Magnificent 7 Bull 2X Shares

No trades
Buy QQQU

Key stats


Assets under management (AUM)
‪16.80 M‬USD
Fund flows (1Y)
‪14.54 M‬USD
Dividend yield (indicated)
0.73%
Discount/Premium to NAV
2.5%

About Direxion Daily Magnificent 7 Bull 2X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.07%
Home page
Inception date
Mar 7, 2024
Index tracked
Indxx Magnificent 7 Index - Benchmark TR Gross
Management style
Passive
QQQU provides daily 2x exposure to an index comprising the seven leading companies listed on the NASDAQ. It invests in the securities of the index, financial instruments including swap and futures agreements, and ETFs tracking the index, to provide leveraged exposure consistent with its objective. To be included in the index, the common stocks or ADRs must have a minimum free float equivalent to 10% of shares outstanding and a share price less than $10,000. After extensive research, the index selects the seven leading constituents that form the index and equally weights them. The index is rebalanced and reconstituted quarterly. As a leveraged product with 2x factor that resets daily, QQQU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. On August 1, 2024, QQQU updated its index name, formerly the Indxx Front of the Q Index. Prior to August 16, 2024 the fund name was Direxion Daily Concentrated Qs Bull 2x.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Exchange-specific
Weighting scheme
Equal
Selection criteria
NASDAQ - listed
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Consumer Durables
Cash
Miscellaneous
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.