Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Decrease in Short Interest

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,080,000 shares, a drop of 46.0% from the October 31st total of 2,000,000 shares. Based on an average daily volume of 286,200 shares, the short-interest ratio is presently 3.8 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.6 %

Shares of QQQE stock traded down $0.61 on Thursday, hitting $94.07. The company had a trading volume of 310,952 shares, compared to its average volume of 249,791. The firm has a market cap of $1.34 billion, a P/E ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $78.04 and a twelve month high of $95.41. The company has a 50-day moving average price of $91.34 and a 200-day moving average price of $89.22.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 annualized dividend and a yield of 0.68%.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Berkshire Money Management Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the second quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after buying an additional 19,819 shares in the last quarter. Total Investment Management Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at approximately $59,630,000. Waddell & Associates LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the 3rd quarter. Waddell & Associates LLC now owns 374,445 shares of the company’s stock valued at $33,775,000 after acquiring an additional 12,033 shares during the period. International Assets Investment Management LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the 3rd quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after acquiring an additional 303,364 shares in the last quarter. Finally, Frisch Financial Group Inc. raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock worth $17,116,000 after acquiring an additional 8,099 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is an exchange-traded fund that is based on the NASDAQ-100 Equally Weighted index. The fund tracks an equal-weighted version of the NASDAQ 100. QQQE was launched on Mar 21, 2012 and is managed by Direxion.