No press releases found.
Selling pressure intensifies as now nearly 300 of the S&P 500 names trade lower in 2026
Seeking Alpha News (Mon, 30-Mar 1:58 PM 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 March 30, 2026, QQQU stock price declined to $38.85 with 77,279 million shares trading.
QQQU has a beta of 2.72, meaning it tends to be more sensitive to market movements. QQQU has a correlation of 0.82 to the broad based SPY ETF.
QQQU has a market cap of $68.97 million. This is considered a Micro Cap stock.
QQQU has outperformed the market in the last year with a return of +28.7%, while the SPY ETF gained +12.7%. However, in the most recent history, QQQU shares have underperformed the stock market with its stock returning -32.9% in the last 3 month period and -15.1% for the last 2 week period, while SPY has returned -8.2% and -4.3%, respectively.
QQQU support price is $37.75 and resistance is $40.19 (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.
