Direxion Renames QQQU and QQQD to Magnificent 7 Bull and Bear Shares
Direxion announces the name change of QQQU and QQQD to Magnificent 7 Bull and Bear Shares, reflecting a strategic move to better align fund names with market opportunities and traders' short-term convictions.
This news matters as it reflects a strategic move by Direxion to better align the fund names with the market opportunities and traders' short-term convictions on the Magnificent 7. Investors with an in-depth understanding of leveraged investment risks will be impacted by the name change and the shift in fund objectives.