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Leveraged & Inverse ETFs

Direxion Daily Concentrated Qs Bull 2X & Bear 1X Shares

The Direxion Daily Concentrated Qs Bull 2X and Bear 1X Shares seek daily investment results, before fees and expenses, of 200%, or 100% of the inverse (or opposite), of the performance of the Indxx Front of the Q Index. There is no guarantee the funds will achieve their stated investment objectives.

Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.

QQQU

NAV (Net Asset Value)$36.46As of Jul 22, 2024
1 Day NAV change$+1.57(+4.50%)As of Jul 22, 2024

QQQD

NAV (Net Asset Value)$20.32As of Jul 22, 2024
1 Day NAV change$-0.46(-2.23%)As of Jul 22, 2024
QQQUDirexion Daily Concentrated Qs Bull 2X Shares
Daily Target
+200%
Intra-day Value
QQQU.IV
Daily NAV
$36.46
Daily Market Price
$36.52
Expense Ratio
(gross/net %)
1.09 / 1.07*
Daily Volume
19,110
Security Identifier
25461A650
Inception Date
Mar 07, 2024
QQQDDirexion Daily Concentrated Qs Bear 1X Shares
Daily Target
-100%
Intra-day Value
QQQD.IV
Daily NAV
$20.32
Daily Market Price
$20.32
Expense Ratio
(gross/net %)
0.69 / 0.57*
Daily Volume
278
Security Identifier
25461A668
Inception Date
Mar 07, 2024

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Today

Documents & Downloads

  • QQQU QQQD Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • QQQU Prospectus
  • QQQD Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 200% or -100% the return of its benchmark index for a single day. The funds should not be expected to provide two times or negative one times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 07/22/2024.

QQQU Direxion Daily Concentrated Qs Bull 2X Shares
Net Asset Value (NAV)
$36.46Nav
$+1.57Change
+4.50%Change
Market Price Closing
$36.52Market
$+1.62Change
+4.64%Change
Premium / Discount
$+0.06Change from Last Day Trading
Premium/Discount tool
QQQD Direxion Daily Concentrated Qs Bear 1X Shares
Net Asset Value (NAV)
$20.32Nav
$-0.46Change
-2.23%Change
Market Price Closing
$20.32Market
$-0.44Change
-2.11%Change
Premium / Discount
Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
QQQU NAV
18.37
30.36
37.56
1.09 / 1.07*
03/07/2024
QQQU Market Close
17.83
30.02
37.30
1.09 / 1.07*
03/07/2024
QQQD NAV
-7.97
-12.33
-14.60
0.69 / 0.57*
03/07/2024
QQQD Market Close
-8.20
-12.33
-14.67
0.69 / 0.57*
03/07/2024

As of June 30, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95% for QQQU and 0.45% for QQQD. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2025, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% for QQQU and 0.45% for QQQD of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Indxx Front of the Q Index (IFOTQ) is provided by Indxx and is designed to track the performance of the seven largest NASDAQ listed companies. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Nvidia
17.02%
Alphabet Inc Class A
15.25%
Apple
14.68%
Tesla
14.03%
Amazon.Com Inc
13.51%
Microsoft
13.09%
Meta Platforms A
12.42%

Index Sector Weightings

% of Total
Interactive Media & Services
27.67%
Semiconductors & Semiconductor Equipment
17.02%
Technology Hardware, Storage & Peripherals
14.68%
Automobiles
14.03%
Broadline Retail
13.51%
Software
13.09%
Index data as of 06/30/2024. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

QQQU Direxion Daily Concentrated Qs Bull 2X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
06/25/202406/25/202407/02/20240.07122
Record Date06/25/2024
Ex Date06/25/2024
Pay Date07/02/2024
Income Dividend0.07122
Short-Term Capital Gain
Long-Term Capital Gain

QQQD Direxion Daily Concentrated Qs Bear 1X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
06/25/202406/25/202407/02/20240.31869
Record Date06/25/2024
Ex Date06/25/2024
Pay Date07/02/2024
Income Dividend0.31869
Short-Term Capital Gain
Long-Term Capital Gain

Documents

How to Trade

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

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