Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Unusually-High Trading Volume – What’s Next?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw strong trading volume on Friday . 557,549 shares traded hands during trading, an increase of 127% from the previous session’s volume of 246,125 shares.The stock last traded at $90.93 and had previously closed at $93.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 2.6 %

The company has a market cap of $1.29 billion, a PE ratio of 28.84 and a beta of 1.05. The business’s 50 day moving average is $90.32 and its two-hundred day moving average is $88.73.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Tuesday, September 24th.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several hedge funds have recently bought and sold shares of QQQE. Total Investment Management Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at $59,630,000. International Assets Investment Management LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock valued at $27,686,000 after purchasing an additional 303,364 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth $13,530,000. Astor Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth about $7,028,000. Finally, MRA Advisory Group raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% during the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock valued at $9,373,000 after buying an additional 43,058 shares in the last quarter.

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.