Key stats
About Direxion Daily Magnificent 7 Bull 2X Shares
Home page
Inception date
Mar 7, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US25461A6507
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Consumer Durables
Retail Trade
Cash
Stocks86.26%
Technology Services37.45%
Electronic Technology24.84%
Consumer Durables12.71%
Retail Trade11.26%
Bonds, Cash & Other13.74%
Cash13.74%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QQQU invests in stocks. The fund's major sectors are Technology Services, with 37.45% stocks, and Electronic Technology, with 24.84% of the basket. The assets are mostly located in the North America region.
QQQU last dividends amounted to 0.05 USD. The quarter before, the issuer paid 0.05 USD in dividends, which shows a 4.82% increase.
QQQU assets under management is 98.22 M USD. It's risen 0.61% over the last month.
QQQU fund flows account for 60.62 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QQQU pays dividends to its holders with the dividend yield of 0.51%. The last dividend (Jul 1, 2025) amounted to 0.05 USD. The dividends are paid quarterly.
QQQU shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Mar 7, 2024, and its management style is Passive.
QQQU expense ratio is 0.98% meaning you'd have to pay 0.98% of your investment to help manage the fund.
QQQU follows the Indxx Magnificent 7 Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQQU invests in stocks.
QQQU price has risen by 6.79% over the last month, and its yearly performance shows a 71.62% increase. See more dynamics on QQQU price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.32% over the last month, showed a 37.46% increase in three-month performance and has increased by 19.80% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.32% over the last month, showed a 37.46% increase in three-month performance and has increased by 19.80% in a year.
QQQU trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.