Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Unusually-High Trading Volume

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw strong trading volume on Monday . 178,110 shares changed hands during trading, a decline of 8% from the previous session’s volume of 193,870 shares.The stock last traded at $88.39 and had previously closed at $88.74.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The stock’s fifty day moving average price is $87.37 and its 200-day moving average price is $86.68. The firm has a market cap of $1.23 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be paid a dividend of $0.1796 per share. This represents a $0.72 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, June 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QQQE. Waddell & Associates LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock worth $30,037,000 after buying an additional 335,528 shares during the period. Carr Financial Group Corp purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $12,032,000. SteelPeak Wealth LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $11,427,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $6,272,000. Finally, Avestar Capital LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $4,685,000.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.