Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Update

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,440,000 shares, a growth of 28.6% from the February 13th total of 1,120,000 shares. Currently, 10.3% of the shares of the company are sold short. Based on an average daily trading volume, of 273,300 shares, the short-interest ratio is presently 5.3 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.0 %

Shares of QQQE stock opened at $88.65 on Wednesday. The stock’s 50-day moving average price is $92.82 and its 200 day moving average price is $91.83. The stock has a market capitalization of $1.24 billion, a PE ratio of 26.94 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $81.45 and a 52-week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business 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 of this dividend was Monday, December 23rd.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $305,000. PKO Investment Management Joint Stock Co acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $37,703,000. BridgePort Financial Solutions LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $207,000. LifeWealth Investments LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $739,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $43,000.

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.