Direxion Daily Magnificent 7 Bear 1X ETF (QQQD)
QQQD Price Chart
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QQQD ETF Profile
Key details and information about Direxion Daily Magnificent 7 Bear 1X ETF (QQQD).
Sector Focus
Financial Services
Industry
Asset Management - Leveraged
Inception Date
8 Mar 2024
Country
US
Description
These Direxion exchange-traded funds, known as the Daily Magnificent 7 Bull 2X and Bear 1X ETFs, are structured to deliver daily investment outcomes. Specifically, before any fees or expenses are factored in, they endeavor to provide returns equal to either two times (200%) the daily movement of the Indxx Magnificent 7 Index, or the exact inverse (100% opposite) of that index's daily performance. It is crucial to understand that there is no assurance these funds will successfully achieve their intended daily investment targets.
QQQD ETF Performance
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