Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 12-Month High – Here’s Why

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $111.45 and last traded at $111.22, with a volume of 196652 shares changing hands. The stock had previously closed at $110.15.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The company has a market capitalization of $1.25 billion, a PE ratio of 27.96 and a beta of 1.08. The stock’s 50 day simple moving average is $102.73 and its 200-day simple moving average is $102.89.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a $0.1627 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Thayer Partners LLC MA lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the 1st quarter. Thayer Partners LLC MA now owns 10,605 shares of the company’s stock worth $1,045,000 after buying an additional 328 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth $11,817,000. IMC Chicago LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $956,000. Sanctuary Advisors LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8.2% in the first quarter. Sanctuary Advisors LLC now owns 4,075 shares of the company’s stock valued at $401,000 after acquiring an additional 308 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at $1,017,000.

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.