Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase – What’s Next?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw strong trading volume on Wednesday . 128,946 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 205,056 shares.The stock last traded at $94.62 and had previously closed at $93.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.9 %

The stock has a market cap of $1.31 billion, a P/E ratio of 28.84 and a beta of 1.05. The business’s 50 day simple moving average is $92.66 and its two-hundred day simple moving average is $90.37.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.2402 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in QQQE. Global Trust Asset Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $38,000. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at about $54,000. Beaird Harris Wealth Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $55,000. JPMorgan Chase & Co. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% in the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company’s stock valued at $82,000 after acquiring an additional 787 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at approximately $142,000.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.