Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Strong Trading Volume – Time to Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw an uptick in trading volume on Monday . 297,531 shares were traded during trading, an increase of 25% from the previous session’s volume of 237,327 shares.The stock last traded at $95.56 and had previously closed at $94.83.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.1 %

The company has a fifty day simple moving average of $92.90 and a 200-day simple moving average of $90.87. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2402 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several institutional investors and hedge funds have recently bought and sold shares of QQQE. Total Investment Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $59,630,000. International Assets Investment Management LLC increased its holdings in shares of 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 valued at $27,686,000 after purchasing an additional 303,364 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at about $13,530,000. Raymond James Financial Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at about $9,261,000. Finally, Astor Investment Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at about $7,028,000.

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.