Direxion Daily Magnificent 7 Bull 2X ETF (QQQU)
Direxion Daily Magnificent 7 Bull 2X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $63.81, up 0.24% on the session, giving a market capitalisation of $79.9M. Its beta of 3.13 implies it has historically moved more than the broad market.
This Direxion exchange-traded fund, known as the Daily Magnificent 7 Bull 2X and Bear 1X ETF, is designed to produce daily investment returns. Its objective, prior to accounting for fees and expenses, is to reflect either twice (200%) the daily performance of the Indxx Magnificent 7 Index, or, conversely, mirror the exact opposite (100% inverse) of that index's daily movement. However, it's important to note that the successful attainment of these stated investment objectives cannot be guaranteed.
Direxion Daily Magnificent 7 Bull 2X ETF is most often compared with the following Financial Services names: