QQQU

Direxion Daily Magnificent 7 Bull 2X Shares

$58.31

+0.00%

Market closed. Last update: 12:00 PM ET

📎 Investment Objective

The Direxion Daily Magnificent 7 Bull 2X Shares ETF (QQQU) seeks to provide 2x the daily return of an index composed of the seven largest non-financial stocks in the Nasdaq-100 Index.

Overview

ETF tracking Direxion Daily Magnificent 7 Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-03-07

Market Cap $106.4M

Average Volume N/A

Dividend Yield 2.09%

52-Week Range $24.49 - $66.75

VWAP $57.77

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily Magnificent 7 Bull 2X Shares ETF (QQQU) seeks to provide 2x the daily return of an index composed of the seven largest non-financial stocks in the Nasdaq-100 Index.

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of its underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of an index of the seven largest non-financial Nasdaq-100 stocks
Utilizes derivatives and leverage to magnify daily performance
Resets exposure daily, not designed for long-term holding
Very small asset base and limited trading history

⚠️ Primary Risks

Significant daily volatility and potential for large losses
Leverage amplifies both gains and losses
Difficult to predict and track long-term performance
Low trading volume and liquidity risks

👤 Best For

This ETF is intended for experienced, sophisticated investors with a very high risk tolerance who seek to make short-term, speculative bets on the performance of the largest Nasdaq-100 stocks. It is not suitable for most retail investors with long-term investment horizons.