Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw unusually-strong trading volume on Monday . Approximately 518,240 shares changed hands during trading, an increase of 123% from the previous session’s volume of 232,846 shares.The stock last traded at $84.54 and had previously closed at $84.85.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.4 %

The firm 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 moving average is $88.21 and its two-hundred day moving average is $87.51.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were paid a $0.1796 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, June 25th.

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

Large investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at approximately $26,000. TD Capital Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $29,000. Banque Cantonale Vaudoise acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $85,000. CWM LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 47.1% during the fourth quarter. CWM LLC now owns 1,125 shares of the company’s stock worth $95,000 after acquiring an additional 360 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $129,000.

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.