QQQD

Direxion Daily Magnificent 7 Bear 1X Shares

$13.45

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100 Index.

Overview

ETF tracking Direxion Daily Magnificent 7 Bear 1X Shares

Category Inverse

Issuer Other

Inception Date 2024-03-07

Market Cap $16.5M

Average Volume N/A

Dividend Yield 4.19%

52-Week Range $12.66 - $22.34

VWAP $13.49

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the Nasdaq-100 Index.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to provide inverse exposure to the Nasdaq-100 Index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides -1x daily inverse exposure to the Nasdaq-100 Index
Designed for short-term, tactical trading rather than long-term investment
Employs derivatives to achieve its inverse performance objective
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Significant daily rebalancing risk, which can lead to returns that do not match the inverse of the index over longer periods
Derivative and leverage risks associated with the use of swaps and futures contracts
Potential for increased volatility compared to the underlying index
Limited performance history and low assets under management

👤 Best For

This ETF is designed for experienced, sophisticated investors who understand the risks of inverse and leveraged products and are seeking short-term, tactical exposure to the Nasdaq-100 Index. It is not suitable for long-term, buy-and-hold investors.