Direxion Daily Magnificent 7 Bull 2X SharesDirexion Daily Magnificent 7 Bull 2X SharesDirexion Daily Magnificent 7 Bull 2X Shares

Direxion Daily Magnificent 7 Bull 2X Shares

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Key stats


Assets under management (AUM)
‪27.01 M‬USD
Fund flows (1Y)
‪20.77 M‬USD
Dividend yield (indicated)
0.67%
Discount/Premium to NAV
−1.1%

About Direxion Daily Magnificent 7 Bull 2X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.07%
Home page
Inception date
Mar 7, 2024
Index tracked
Indxx Magnificent 7 Index - Benchmark TR Gross
Management style
Passive
QQQU provides daily 2x exposure to an index comprising the seven leading companies listed on the NASDAQ. It invests in the securities of the index, financial instruments including swap and futures agreements, and ETFs tracking the index, to provide leveraged exposure consistent with its objective. To be included in the index, the common stocks or ADRs must have a minimum free float equivalent to 10% of shares outstanding and a share price less than $10,000. After extensive research, the index selects the seven leading constituents that form the index and equally weights them. The index is rebalanced and reconstituted quarterly. As a leveraged product with 2x factor that resets daily, QQQU is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one-day period. On August 1, 2024, QQQU updated its index name, formerly the Indxx Front of the Q Index. Prior to August 16, 2024 the fund name was Direxion Daily Concentrated Qs Bull 2x.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Exchange-specific
Weighting scheme
Equal
Selection criteria
NASDAQ - listed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 20, 2024
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Miscellaneous
Cash
Stocks50.36%
Technology Services19.63%
Electronic Technology14.61%
Consumer Durables9.28%
Retail Trade6.84%
Bonds, Cash & Other49.64%
Miscellaneous32.06%
Cash17.57%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows