Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw strong trading volume on Wednesday . 388,568 shares changed hands during mid-day trading, an increase of 59% from the previous session’s volume of 243,744 shares.The stock last traded at $87.60 and had previously closed at $87.50.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.7 %

The firm has a market capitalization of $1.33 billion, a P/E ratio of 28.84 and a beta of 1.05. The stock has a fifty day simple moving average of $88.10 and a 200 day simple moving average of $87.70.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were given a dividend of $0.1796 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, June 25th.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

A number of hedge funds have recently bought and sold shares of the stock. Montag A & Associates Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $26,000. TD Capital Management LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $29,000. Goodman Advisory Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $54,000. Beaird Harris Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth $55,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $85,000.

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.