Direxion Daily Magnificent 7 Bear 1X Shares (QQQD)
ARCA ARCA Primary Summary
QQQD Chart
Trump Tariff Shakes U.S. Market: 5 Inverse ETFs to Gain
The U.S. equity index nosedived on Trump's sweeping series of tariffs, resulting in a spike for inverse or inverse-leveraged ETFs.
Q3 Earnings for the Magnificent 7: Traders Beware
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Direxion Daily Magnificent 7 Bear 1X Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Keith Dubauskas One Plus One Wealth Management LLC | 782,660 | $10.38M | $9.74M | -$639,731.06 | -6.16% |
 Highline Wealth Partners LLC Highline Wealth Partners LLC | 700 | $10,318 | $8,841 | -$1,477 | -14.31% |
| BJR Brian Joseph Rellihan Wise Wealth Partners | 234,488 | $3.46M | $2.99M | -$463,109.67 | -13.4% |
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Direxion Daily Magnificent 7 Bear 1X Shares ever had a stock split?
Direxion Daily Magnificent 7 Bear 1X Shares Profile
| ARCA Exchange | US Country |
Overview
The described fund is a financial instrument designed to offer investors exposure to the seven largest NASDAQ listed companies, according to the criteria set by Indxx. The fund aims to track the performance of these companies inversely by investing in a variety of financial instruments such as swap agreements, futures contracts, or short positions. This approach allows the fund to provide 1X daily inverse or short exposure to its underlying index or ETFs that replicate the index's performance. It operates under a strategy that requires at least 80% of the fund's net assets to be invested in instruments that align with its investment objective, highlighting a focused investment approach. The fund is noted for its non-diversified status, meaning it concentrates its investments more heavily in the specific financial instruments that meet its strategic goals rather than spreading its investments across a wide array of assets.
Products and Services
- Swap Agreements
- Futures Contracts
- Short Positions
Swap agreements are a key financial instrument utilized by the fund to achieve its investment objective. These agreements involve the exchange of one set of financial assets for another, based on specified criteria, which can include interest rates or currency exchange rates. The fund uses swap agreements to gain exposure to the performance of the index inversely, allowing for potential profits when the index's performance declines.
Futures contracts are another crucial component of the fund's investment strategy. These standardized contracts bind parties to buy or sell an asset at a predetermined future date and price. The fund employs futures contracts to speculate on the future direction of the index or ETFs tracking the index, facilitating inverse exposure and enabling the fund to hedge against potential losses or to profit from declines in the index's value.
Short positions reflect the fund's strategy to profit from a decline in the index's performance. By selling securities borrowed from a third party with the intention of purchasing them back at a lower price, the fund can capitalize on downward movements in the index's value. This technique aligns with the fund's overall objective of providing inverse exposure to the performance of the index, offering investors an opportunity to gain from negative trends in the market.
