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

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw an uptick in trading volume on Monday . 307,834 shares traded hands during mid-day trading, an increase of 26% from the previous session’s volume of 245,164 shares.The stock last traded at $89.64 and had previously closed at $89.48.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The stock has a 50-day moving average of $87.67 and a 200 day moving average of $87.69. The company has a market cap of $1.39 billion, a P/E ratio of 28.84 and a beta of 1.05.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several large investors have recently bought and sold shares of the business. Truist Financial Corp boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.9% in the second quarter. Truist Financial Corp now owns 32,513 shares of the company’s stock valued at $2,885,000 after buying an additional 4,214 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 555.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 40,874 shares of the company’s stock valued at $3,634,000 after buying an additional 34,636 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.3% during the second quarter. Gateway Wealth Partners LLC now owns 20,134 shares of the company’s stock valued at $1,787,000 after purchasing an additional 1,021 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.0% during the second quarter. Regal Investment Advisors LLC now owns 9,381 shares of the company’s stock worth $832,000 after purchasing an additional 360 shares during the last quarter. Finally, Goodman Advisory Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $54,000.

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.