In December 2025, short interest surged in QQQD and other Direxion inverse ETFs, signaling rising bearish sentiment.

In December 2025, short interest dropped sharply in several Direxion inverse ETFs, including MSFD, AIBD, NFXS, and ELIL, with declines ranging from 67% to 96%. Conversely, short interest surged 2,147% in QQQD, reaching 120,652 shares, or 9.5% of shares outstanding, with a days-to-cover ratio of 1.5. COM saw short interest rise 383% to 14,890 shares. Most funds experienced low trading volumes relative to averages, with QQQD and ELIL paying dividends. The data reflects shifting investor sentiment, particularly increased bearish positioning in the Magnificent 7 inverse ETF.