Zacks Investment ResearchT3·28mo ago
QQQU Direxion Daily Magnificent 7 Bull 2X ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
QQQU
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Key stats
About
Direxion Daily Magnificent 7 Bull 2X ETF (QQQU) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2024-03-06
- Has Options
- No
Fund profile
holdings as of Oct 21, 2026issuer datathrough Jul 2026flows, SEC filings
Resets to 2x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 2x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- —
- Assets
- $102M SEC filing, Apr 30, 2026
- Trailing yield
- 8.43% paid quarterly
- Average daily volume
- $1.8M 30 sessions
- Holdings
- 13 top 10 are 200.0%
- Listed
- Mar 6, 2024 NYSE Arca
Costn/a
Liquidity42
Scale35
Diversificationn/a
Moves with. US large-cap stocks (52% of its variance, beta 2.28); Value over growth (22% of its variance, beta -0.93). These factors explain 77% of its daily moves over the last year.
All 13 holdingsFlow historySimilar fundsOverlap toolAll Leveraged Equity ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$1.5M latest reported month
- Latest 3 months
- −$31M −44.6% of assets
- Latest 12 months
- −$35M −49.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$1.5M |
| Jun 2026 | −$16M |
| May 2026 | −$17M |
| Apr 2026 | +$3.4M |
| Mar 2026 | −$2.4M |
| Feb 2026 | −$5.3M |
| Jan 2026 | −$5.4M |
| Dec 2025 | −$2.8M |
| Nov 2025 | +$12M |
| Oct 2025 | −$1.1M |
| Sep 2025 | +$4.5M |
| Aug 2025 | −$5.9M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 29 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| LSGRNatixis Loomis Sayles Focused Growth ETF | 52% | 0.59% | $839M | +2.5% | compare |
| TOPTiShares Top 20 U.S. Stocks ETF | 51% | 0.20% | $790M | +14.6% | compare |
| MGKVanguard Morningstar Mega Cap Growth ETF | 50% | 0.05% | $34.5B | +12.4% | compare |
| XLGInvesco S&P 500 Top 50 ETF | 49% | 0.20% | $11.8B | +9.7% | compare |
| VUGVanguard Morningstar Growth ETF | 49% | 0.03% | $231.2B | +10.7% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 21, 2026issuer data- Holdings vs fair value
- −3.6% 15% under, 29% over · 100% covered
- Price / earnings
- 28.7 0% loss-making · 100% covered
- Price / book · sales
- 9.5 · 8.5 revenue growth +15.8%
- Above 200-day average
- 72% 72% above 50-day · by weight
- Short interest
- 1.3% of float, weighted · 2.4 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 72% net selling
- 13F holders
- +2.2% change in shares held by institutions, latest quarter
- Reporting earnings
- 44.2% of weight in 7 days; 58.6% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.18%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | TSLATesla Inc | 5.72% | 5.14% | +18.1% |
| Increase | MSFTMicrosoft Corp. | 5.77% | 5.46% | +16.5% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.5%. Full holdings and history
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $111M · $51M over the fiscal year
- Redemptions in kind
- 68% creations 68% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-21
Holdings
13
AUM
$168.5M
Provider
Direxion
Inception
2024-03-06
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
—
Dividend Yield
8.43%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-23 | 2026-06-30 | $0.0234 | CD |
| 2026-03-24 | 2026-03-31 | $0.0307 | CD |
| 2025-12-23 | 2025-12-31 | $0.0098 | CD |
| 2025-12-10 | 2025-12-17 | $5.3083 | CD |
| 2025-06-24 | 2025-07-01 | $0.0517 | CD |
| 2025-03-25 | 2025-04-01 | $0.0492 | CD |
Asset Allocation
Top Holdings
top 13 of 13 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | IFOTQP SWAP ASSET LEG | 64.23% | Derivative | — |
| — | IFOTQP SWAP ASSET LEG | 50.85% | Derivative | — |
| — | GOLDMAN FINL SQ TRSRY INST 506 | 12.64% | Cash/Money Market | — |
| MSFT | MICROSOFT CORP | 12.48% | Equity (US) | US |
| AMZN | AMAZON.COM INC | 12.04% | Equity (US) | US |
| AAPL | APPLE INC | 11.68% | Equity (US) | US |
| TSLA | TESLA INC | 11.53% | Equity (US) | US |
| GOOGL | ALPHABET INC-CL A | 11.33% | Equity (US) | US |
| NVDA | NVIDIA CORP | 11.06% | Equity (US) | US |
| META | META PLATFORMS INC-CLASS A | 11.02% | Equity (US) | US |
| — | GOLDMAN SACHS FIN GOV 465 INSTITUT | 4.35% | Cash/Money Market | — |
| — | RECV IFOTQP ASSET SWAP | 3.79% | Derivative | — |
| — | DREYFUS GOVT CASH MAN INS | 2.44% | Cash/Money Market | — |
Non-Equity Breakdown
Direxion Daily Magnificent 7 Bull 2X Shares ·
NPORT-P period 2026-04-30
(filed 2026-06-29)
Net assets:
$102M
· 14 total positions
· equity 40.17%
· non-equity 64.31%
Non-equity holdings
— 7 positions,
64.31% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 60.68% | $61.9M | 4 |
| Derivative (equity) | 3.63% | $3.7M | 3 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 4.46% | 2.19% | 3.33% |
| Feb | -- | -13.66% | -14.45% | -14.05% |
| Mar | 0.60% | -15.86% | -12.56% | -9.27% |
| Apr | -5.92% | -6.16% | 26.70% | 4.87% |
| May | 16.05% | 21.09% | 10.75% | 15.96% |
| Jun | 15.08% | 8.77% | -16.30% | 2.52% |
| Jul | -6.56% | 14.38% | -1.02% | 2.27% |
| Aug | 0.03% | 10.49% | 0.96% | 3.83% |
| Sep | 19.71% | 20.11% | 9.42% | 16.41% |
| Oct | 1.43% | 8.57% | -1.70%* | 2.77% |
| Nov | 15.44% | -6.13% | -- | 4.65% |
| Dec | 4.99% | -8.41% | -- | -1.71% |
| Total | 73.86% | 32.89% | -3.50% | 34.42% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $63.55
SMA 50: $60.35
SMA 200: $54.74
Current: $60.39
EMA 12: $63.07
EMA 26: $62.56
MACD: 0.5155 | Signal: -0.5980
BULLISH
ADX (14): 20.36
WEAK TREND
+DI: 20.13
−DI: 32.82
Momentum Oscillators
RSI (14): 43.65
NEUTRAL
Stoch %K: 26.80
Stoch %D: 31.70
Williams %R: -100.00
Volume & Volatility
BB Upper: $67.00
BB Lower: $60.11
NEUTRAL
OBV: 2,725,498
Vol SMA 20: 27,519
Vol ROC: -0.34%
ATR: $1.97
True Range: $3.31
HV 20: 38.0%
HV 30: 39.1%
HV 60: 39.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: QQQU
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- Technical signals suggest a range-bound market, with potential for short-term movements driven by news sentiment.
- Beta analysis indicates high volatility, which may impact trading decisions.
Primary Risks:
- High volatility may lead to significant price swings, increasing risk exposure.
- Lack of recent earnings data makes it challenging to assess fundamental performance.
Investment Thesis: QQQU's technical and market conditions suggest a potentially range-bound market with medium-term trends. The stock's high beta and historical volatility require careful consideration when building a trading strategy.
Recent News Sentiment Impact: The lack of recent news headlines makes it difficult to assess sentiment impact. However, the neutral sentiment from the single available headline does not significantly influence our analysis.
Technical Analysis
Trend Direction:
- Short-term: Range-bound market with potential for short-term movements.
- Medium-term: Uptrend, supported by MACD and RSI signals.
- Long-term: Bullish trend persists, despite recent consolidation.
Support/Resistance Levels: The stock's price has been consolidating near the 50-day SMA ($53.83). Key resistance lies at $60.64 (upper Bollinger Band), while support is found at $50.32 (lower Bollinger Band).
Momentum Signals:
- RSI: Neutral, indicating no significant buying or selling pressure.
- MACD: Bullish momentum persists, with a bullish crossover above the signal line.
- Bollinger Bands: The stock has been trading within the neutral zone.
Volume Analysis: The volume indicators suggest a decrease in trading activity, as the stock's price consolidates. This reduced interest may be a sign of market fatigue or a precursor to a potential breakout.
News & Sentiment Analysis
Recent Headlines Summary: No significant recent news headlines available.
Sentiment Assessment: NEUTRAL
Catalyst Identification: Earnings data is unavailable, making it difficult to identify near-term catalysts. However, any future earnings reports may have a significant impact on the stock's price.
Market Narrative: The lack of recent market-moving news and the consolidation of the stock's price suggest that technical signals will play a more prominent role in shaping trading decisions.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the market (beta = 2.84).
Volatility Regime: The stock has been experiencing high volatility, which may lead to significant price swings.
Options Market Signals: No options data available for analysis.
Downside Protection: The support levels around $53.83 (50-day SMA) and $50.32 (lower Bollinger Band) provide some downside protection.
Market Context & Positioning
Sector Performance: The stock's sector is performing relatively well, with no significant red flags.
Institutional Activity: Institutional interest has decreased, as the stock's price consolidates.
Correlation Analysis: The stock has a strong positive correlation (0.81) with the market, indicating that it tends to follow broader market trends.
Relative Valuation: The stock is trading within its medium-term range, with no clear value or momentum signals.
Key Levels & Action Items
Critical Price Levels:
- Support: $53.83 (50-day SMA), $50.32 (lower Bollinger Band)
- Resistance: $60.64 (upper Bollinger Band)
Breakout/Breakdown Levels: No significant technical levels are currently breached or about to be breached.
Time-Sensitive Catalysts: Earnings data is unavailable, making it difficult to identify near-term catalysts.
Risk Management: Stop-loss levels should be set based on the stock's recent volatility and market conditions. Position sizing considerations may include the beta analysis and historical volatility information.
This comprehensive analysis provides an in-depth look at QQQU's technical and market conditions, as well as its risk profile and potential catalysts. The report highlights key areas of focus, including the stock's high volatility, lack of recent earnings data, and consolidation around the 50-day SMA.
Generated
News
All QQQU news →
QQQU Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 2.8580
Alpha: -26.89%
Correlation: 0.8086
R-Squared: 65.4%
Stock Volatility: 45.1%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
QQQU Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
QQQU Constituent Performance
Click any bar to view the full quote for that stock.
QQQU Constituents (7 of 7)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| MSFT | MICROSOFT CORP | 12.48% | $526.28 | -1.25% | -2.44% | +5.69% |
| AMZN | AMAZON.COM INC | 12.04% | $252.13 | -3.90% | -1.03% | +1.10% |
| AAPL | APPLE INC | 11.68% | $344.6 | +0.18% | +0.76% | +2.58% |
| TSLA | TESLA INC | 11.53% | $386.9 | +0.11% | +6.75% | +2.37% |
| GOOGL | ALPHABET INC-CL A | 11.33% | $326.91 | -2.34% | -6.39% | -4.51% |
| NVDA | NVIDIA CORP | 11.06% | $213.56 | -3.79% | -1.69% | -4.91% |
| META | META PLATFORMS INC-CLASS A | 11.02% | $652.28 | -6.49% | -11.46% | -16.12% |