Direxion Daily Magnificent 7 Bear 1X Shares (QQQD)Trading--Inverse Equity | Exchange Traded Fund | NYSEArca
11.67 USD
+0.03
(0.301%)
⇧
(Oct. 15, 2026, 3:59 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 5:50 a.m. EDT
This inverse leveraged product is currently trapped in a severe downtrend driven by the relentless rally of the Magnificent 7. The underlying assets have surged, crushing the bear thesis this fund represents. While the 3.5% yield might seem attractive, it is a dangerous distraction; this is a 'value trap' where the high payout is merely a fraction of the capital lost to the underlying index's performance. The price action confirms this, with the fund down nearly 30% year-to-date and failing to recover even a fraction of that loss recently. The recent price action shows a slight stabilization near lows, but the massive gap between the current price and the 52-week high highlights the depth of the decline. For a short-term trader, the momentum is still heavily weighted to the downside, making this a poor vehicle for quick rebounds. Long-term holders face a compounding nightmare of decay and underperformance against the broad market. The dividend is insufficient to offset the drag of the leveraged inverse structure in a bull market. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.066422 |
| AutoARIMA | 0.079085 |
| AutoETS | 0.080390 |
| MSTL | 0.081786 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 2.42 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.096 |
| Excess Kurtosis | 0.79 |
As of Oct. 10, 2026, 5:50 a.m. EDT: Speculator positioning is overwhelmingly skewed toward calls, with Open Interest concentrated in strikes significantly above the current price (13.0 and 14.0 for the October expiry, and deep OTM 20.0 strikes for February). This indicates a speculative bet on a sharp reversal or continued rally in the underlying Magnificent 7 stocks, despite the low implied volatility suggesting the market views such a move as unlikely. Put activity is negligible.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.88% | 3.21% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-22 | 0.102 | 0.876289 |
| 2026-06-23 | 0.085 | 0.631970 |
| 2026-03-24 | 0.081 | 0.553279 |
| 2025-12-23 | 0.146 | 1.147799 |
| 2025-09-23 | 0.083 | 0.614360 |
| 2025-06-24 | 0.201 | 1.255309 |
| 2025-03-25 | 0.132 | 0.715835 |
| 2024-12-23 | 0.148 | 0.908310 |
| 2024-09-24 | 0.407 | 2.066829 |
| 2024-06-25 | 0.319 | 1.508132 |
| Attribute | Value |
|---|---|
| All Time High | 26.187 |
| All Time Low | 11.355 |
| Ask | 11.68 |
| Ask Size | 4,800 |
| Average Daily Volume10 Day | 38,140 |
| Average Daily Volume3 Month | 52,842 |
| Average Volume | 52,842 |
| Average Volume10Days | 38,140 |
| Beta3 Year | 0.0 |
| Bid | 7.49 |
| Bid Size | 5,100 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 11.795 |
| Day Low | 11.635 |
| Display Name | Magnificent 7 Bear 1X Shares |
| Dividend Yield | 3.51 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 12.12572 |
| Fifty Day Average Change | -0.45571995 |
| Fifty Day Average Change Percent | -0.03758292 |
| Fifty Two Week Change Percent | -14.448529 |
| Fifty Two Week High | 15.52 |
| Fifty Two Week High Change | -3.8500004 |
| Fifty Two Week High Change Percent | -0.24806702 |
| Fifty Two Week Low | 11.355 |
| Fifty Two Week Low Change | 0.31500053 |
| Fifty Two Week Low Change Percent | 0.027741132 |
| Fifty Two Week Range | 11.355 - 15.52 |
| First Trade Date Milliseconds | 1,709,908,200,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.034999847 |
| Fullday Change Percent | 0.3009445 |
| Fullday Price | 11.67 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,709,683,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index is designed to track the performance of the seven largest NASDAQ listed companies, as identified by Indxx. The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 1X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The fund is non-diversified. |
| Long Name | Direxion Daily Magnificent 7 Bear 1X Shares |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1867487023 |
| Nav Price | 11.644 |
| Net Assets | 28,372,096.0 |
| Net Expense Ratio | 0.5 |
| Open | 11.78 |
| Phone | 866-476-7523 |
| Previous Close | 11.635 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0349998 |
| Regular Market Change Percent | 0.300815 |
| Regular Market Day High | 11.795 |
| Regular Market Day Low | 11.635 |
| Regular Market Day Range | 11.635 - 11.795 |
| Regular Market Open | 11.78 |
| Regular Market Previous Close | 11.635 |
| Regular Market Price | 11.67 |
| Regular Market Time | 1,792,094,387 |
| Regular Market Volume | 63,719 |
| Short Name | Direxion Daily Magnificent 7 Be |
| Source Interval | 15 |
| Symbol | QQQD |
| Total Assets | 28,372,096 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -9.69943 |
| Trailing Three Month Returns | -9.69943 |
| Triggerable | 1 |
| Two Hundred Day Average | 12.98514 |
| Two Hundred Day Average Change | -1.3151398 |
| Two Hundred Day Average Change Percent | -0.10128037 |
| Type Disp | ETF |
| Volume | 63,719 |
| Yield | 0.035099998 |
| Ytd Return | -6.99102 |