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Direxion Daily Magnificent 7 Bull 2X Shares declares quarterly distribution of $0.0098
Seeking Alpha News (Tue, 23-Dec 9:55 AM ET)
The Direxion Daily Concentrated Qs Bull 2X seek daily investment results, before fees and expenses, of 200%, of the performance of the Indxx Front of the Q Index. The Indxx Front of the Q Index (IFOTQ) is provided by Indxx and is designed to track the performance of the seven largest NASDAQ listed companies. These leveraged or ETF seek a return that is 200% the return of its benchmark index for a single day. The funds should not be expected to provide two times the return of the benchmark's cumulative return for periods greater than a day.
Direxion Daily Concentrated Qs Bull 2X trades on the ARCA stock market under the symbol QQQU.
As of December 24, 2025, QQQU stock price climbed to $58.48 with 24,625 million shares trading.
QQQU has a beta of 2.68, meaning it tends to be more sensitive to market movements. QQQU has a correlation of 0.84 to the broad based SPY ETF.
QQQU has a market cap of $118.42 million. This is considered a Micro Cap stock.
QQQU has outperformed the market in the last year with a price return of +28.2% while the SPY ETF gained +17.3%. QQQU has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.0% and +12.4%, respectively, while the SPY returned +4.4% and +1.4%, respectively.
QQQU support price is $57.01 and resistance is $59.39 (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 QQQU shares will trade within this expected range on the day.
