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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 655,788 shares, a decrease of 24.3% from the January 15th total of 866,614 shares. Based on an average daily volume of 342,720 shares, the short-interest ratio is presently 1.9 days. Currently, 5.6% of the company’s stock are sold short. Currently, 5.6% of the company’s stock are sold short. Based on an average daily volume of 342,720 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Simplex Trading LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $29,000. Parkside Financial Bank & Trust bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $43,000. Caldwell Trust Co purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter valued at approximately $49,000. Finally, Miller Global Investments LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $57,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $102.67 on Tuesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $107.06. The stock has a 50 day moving average price of $103.71 and a two-hundred day moving average price of $101.65.

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.