6-Jul-2026
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The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of the Indxx Magnificent 7 Index (the "Index"). The Index is designed to track the performance of seven of the leading NASDAQ listed companies, as identified by Indxx (the "Index Provider"). The Index is equally weighted and reconstituted and rebalanced quarterly. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 1X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective.
Direxion Daily Magnificent 7 Bear 1X ETF trades on the ARCA stock market under the symbol QQQD.
As of July 6, 2026, QQQD stock price declined to $12.83 with 106,454 million shares trading.
QQQD has a beta of -1.59, meaning it tends to be less sensitive to market movements. QQQD has a correlation of 0.77 to the broad based SPY ETF.
QQQD has a market cap of $34.32 million. This is considered a Sub-Micro Cap stock.
QQQD has underperformed the market in the last year with a price return of -15.2% while the SPY ETF gained +21.3%. QQQD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.8% and -2.7%, respectively, while the SPY returned +14.3% and +0.9%, respectively.
QQQD support price is $12.85 and resistance is $13.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQQD shares will trade within this expected range on the day.
