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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw unusually-strong trading volume on Monday . Approximately 178,110 shares were traded during mid-day 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 firm’s 50-day moving average is $87.56 and its 200 day moving average is $86.76. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were given a $0.1796 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Montag A & Associates Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $26,000. TD Capital Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $29,000. FNY Investment Advisers LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% in the 4th quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock worth $32,000 after buying an additional 315 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth about $85,000. Finally, CWM LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 47.1% in the 4th quarter. CWM LLC now owns 1,125 shares of the company’s stock worth $95,000 after buying an additional 360 shares during 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.