Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 52-Week High – Here’s What Happened

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) hit a new 52-week high during trading on Wednesday . The stock traded as high as $106.06 and last traded at $105.94, with a volume of 129993 shares traded. The stock had previously closed at $105.50.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The company has a fifty day moving average of $103.21 and a two-hundred day moving average of $101.30. The stock has a market capitalization of $1.23 billion, a P/E ratio of 27.96 and a beta of 1.08.

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

Several large investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 138.5% in the second quarter. CWM LLC now owns 13,349 shares of the company’s stock valued at $1,312,000 after acquiring an additional 7,753 shares during the period. Truist Financial Corp lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 16.8% in the 2nd quarter. Truist Financial Corp now owns 47,021 shares of the company’s stock worth $4,623,000 after purchasing an additional 6,769 shares during the last quarter. Avestar Capital LLC boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 21.5% during the 2nd quarter. Avestar Capital LLC now owns 88,163 shares of the company’s stock valued at $8,675,000 after purchasing an additional 15,606 shares during the period. LifeWealth Investments LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.3% during the 2nd quarter. LifeWealth Investments LLC now owns 16,246 shares of the company’s stock worth $1,597,000 after buying an additional 3,284 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth $394,000.

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.