##  [# New Leveraged ETF Bets on the Magnificent 7](/sections/features/new-leveraged-etf-bets-magnificent-7) 

 

# New Leveraged ETF Bets on the Magnificent 7

 

 

Direxion’s Egilinsky talks about his firm’s new tech-focused leveraged ETFs.



 

 

 

 

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[By Talk ETFs](/authors/talk-etfs)

 Mar 20, 2024

 Edited by: Kent Thune 

 

 

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Traders love leveraged ETFs. There’s over $100 billion invested across 268 U.S.-listed leveraged exchange-traded funds.

The [**Direxion Daily Concentrated Qs Bull 2x Shares (QQQU)**](https://www.etf.com/QQQU) adds leverage to a basket of the seven largest stocks in the Nasdaq, a group that is popularly known as the Magnificent 7.

In this episode of Talk ETFs, etf.com senior analyst Sumit Roy sits down with Direxion managing director Ed Egilinsky to discuss QQQU, as well as its counterpart, the [**Direxion Daily Concentrated Qs Bear 1x Shares (QQQD)**](https://www.etf.com/QQQD).

[Leveraged ETFs](https://www.etf.com/topics/leveraged) tied to tech, in particular, are in high demand. The [**ProShares UltraPro QQQ (TQQQ)**](https://www.etf.com/TQQQ) and the [**Direxion Daily Technology Bull 3X Shares ETF (TECL)**](https://www.etf.com/TECL) have $22 billion and $3 billion in assets under management, respectively.

It’s no wonder then that Direxion recently launched a new ETF to capitalize on the strong interest in tech-focused leveraged ETFs.

What makes these ETFs different than the other leveraged tech ETFs that are out there? Who should be using them?



 

 

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 [ Talk ETFs ](/authors/talk-etfs) 

 

 

  Talk ETFs is a weekly video series hosted by etf.com’s Senior Analyst Sumit Roy. Episodes highlight up-to-the-minute investing trends and strategies…   [View Bio](/authors/talk-etfs)

 



 

 


 Related Topics  [ETF.com Videos](http://www.etf.com/topics/videos) 

 [Leveraged](http://www.etf.com/topics/leveraged) 

 [Technology](http://www.etf.com/topics/technology) 

 [Direxion](http://www.etf.com/topics/direxion) 

 [Invesco](http://www.etf.com/topics/invesco)