Direxion Daily Magnificent 7 Bear 1X ETF
QQQD
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Direxion Shares ETF Trust - Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the performance of the Indxx Magnificent 7 Index for a single trading day; the fund invests primarily in swap agreements, futures contracts, short positions, and exchange-traded funds to achieve this -1x leveraged inverse exposure to the index, which tracks the equally weighted performance of seven leading Nasdaq-listed companies including Apple Inc., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp., Nvidia Corp., and Tesla Inc. The ETF, with a net expense ratio of 0.50% after waivers (gross 2.28%), targets sophisticated investors seeking short-term tactical hedges or speculation against declines in these technology-heavy megacap stocks, particularly those driving artificial intelligence, cloud computing, and semiconductors; it rebalances daily and distributes dividends quarterly, with recent payouts including $0.20053 per share in June 2025. Launched on March 7, 2024, under Direxion Shares ETF Trust—a statutory trust advised by Rafferty Asset Management, LLC—the fund underwent a significant name change effective August 16, 2024, from Direxion Daily Concentrated Qs Bear 1X Shares to its current name, alongside an index update from Indxx Front of the Q Index to Indxx Magnificent 7 Index, to better reflect exposure to these prominent constituents. Headquartered in New York, NY, with additional offices in Boston, MA, Alexandria, VA, and Hong Kong, Direxion Shares ETF Trust operates globally through its sponsor Direxion, founded in 1997, which manages approximately $50.6 billion in assets across leveraged, inverse, and thematic ETFs listed principally on NYSE Arca, Inc. The QQQD fits within Direxion's broader lineup of single-stock, sector, and index-based leveraged and inverse products designed for daily trading rather than long-term holding due to compounding effects and volatility decay. Recent strategic developments at Direxion include expansions such as the October 2025 launch of Titans Leveraged & Inverse ETFs targeting top companies in technology, semiconductors, biotech, and energy; June 2025 additions of Cisco and Qualcomm single-stock ETFs; April 2025 introductions for Boeing and Exxon Mobil; March 2025 launches for Eli Lilly and Palo Alto Networks; and December 2024 debuts of Berkshire Hathaway and Palantir funds, alongside ongoing reverse splits and new partnerships like the May 2024 Solactive US AI & Big Data Index collaboration.