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The Fund seeks daily investment results, before fees and expenses, of 200% 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 2X daily leveraged 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 Bull 2X ETF trades on the ARCA stock market under the symbol QQQU.
As of August 14, 2026, QQQU stock price declined to $56.86 with 14,463 million shares trading.
QQQU has a beta of 3.40, meaning it tends to be more sensitive to market movements. QQQU has a correlation of 0.76 to the broad based SPY ETF.
QQQU has a market cap of $75.34 million. This is considered a Micro Cap stock.
QQQU has underperformed the market in the last year with a return of +20.1%, while the SPY ETF gained +21.5%. In the last 3 month period, QQQU fell short of the market, returning -9.7%, while SPY returned +4.0%. However, in the most recent 2 weeks QQQU has outperformed the stock market by returning +6.6%, while SPY returned +3.9%.
QQQU support price is $55.48 and resistance is $58.84 (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.
