QQQU — Direxion Daily Magnificent 7 Bull 2X Shares
Direxion Daily Magnificent 7 Bull 2X Shares (ticker: QQQU) is a equity ETF issued by Rafferty Asset Management tracking Indxx Magnificent 7 Index - Benchmark TR Gross. It was launched on 2024-03-07.
About QQQU
The Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is an exchange-traded fund that seeks daily leveraged exposure to an index of U.S. big technology companies. The fund aims to achieve 200% of the daily performance of the Indxx Magnificent 7 Index - Benchmark TR Gross.
QQQU holds 28 securities, primarily through swap agreements, to track its underlying index. This ETF may be considered by investors seeking concentrated, leveraged exposure to a specific segment of the U.S. equity market.
- Tracks the Indxx Magnificent 7 Index - Benchmark TR Gross.
- Aims for 2x daily leveraged exposure to U.S. big tech companies.
- Expense ratio of 0.98%.
- Total assets under management are $109M.
- Holds 28 securities.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -0.24% |
| 1 Week | -9.61% |
| 1 Month | -9.17% |
| 3 Months | 16.28% |
| 6 Months | -10.83% |
| YTD | -1.93% |
| 1 Year | 39.44% |
| 3 Years | — |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 2 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 3 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 4 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 5 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 6 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 7 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 8 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 9 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 10 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
Fund Profile
| Issuer | Rafferty Asset Management |
|---|---|
| Brand | Direxion |
| Asset Class | equity |
| Strategy | Exchange-specific |
| Category | n/a |
| Segment | Leveraged Equity: U.S. Big Tech |
| Index Tracked | Indxx Magnificent 7 Index - Benchmark TR Gross |
| Inception Date | 2024-03-07 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | QQQU |
|---|---|
| Full Name | Direxion Daily Magnificent 7 Bull 2X Shares |
| Issuer | Rafferty Asset Management |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $90.70M |
| Inception | 2024-03-07 |
| Index Tracked | Indxx Magnificent 7 Index - Benchmark TR Gross |
Frequently Asked Questions
What does QQQU track?
QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) tracks Indxx Magnificent 7 Index - Benchmark TR Gross, a equity benchmark.
What is the expense ratio of QQQU?
QQQU has an expense ratio of 0.01% per year.
What is the AUM of QQQU?
QQQU has approximately $90.70M in assets under management.
Does QQQU pay a dividend?
QQQU distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues QQQU?
QQQU is issued by Rafferty Asset Management under the Direxion brand, launched on 2024-03-07.
Open the interactive QQQU dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.