Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase – Here’s What Happened

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw unusually-strong trading volume on Friday . Approximately 122,590 shares traded hands during mid-day trading, a decline of 50% from the previous session’s volume of 245,473 shares.The stock last traded at $94.75 and had previously closed at $94.97.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.4 %

The business has a 50 day simple moving average of $92.52 and a two-hundred day simple moving average of $89.74. The company has a market cap of $1.35 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, September 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QQQE. Goodman Advisory Group LLC purchased 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 stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $55,000. Banque Cantonale Vaudoise increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after buying an additional 247 shares during the last quarter. CWM LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $116,000 after buying an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at $142,000.

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.