Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 839,898 shares, an increase of 35.0% from the February 12th total of 621,943 shares. Currently, 7.1% of the company’s shares are sold short. Based on an average trading volume of 254,517 shares, the days-to-cover ratio is presently 3.3 days. Based on an average trading volume of 254,517 shares, the days-to-cover ratio is presently 3.3 days. Currently, 7.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares
Several institutional investors and hedge funds have recently bought and sold shares of the company. Simplex Trading LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at approximately $29,000. Caldwell Trust Co acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $49,000. Miller Global Investments LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $57,000. Finally, Assetmark Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth approximately $63,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.0%
Shares of QQQE opened at $99.94 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $107.06. The firm has a market capitalization of $1.18 billion, a P/E ratio of 27.96 and a beta of 1.08. The firm has a 50-day moving average price of $103.46 and a 200 day moving average price of $102.25.
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.
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