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

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw an uptick in trading volume on Tuesday . 255,480 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 188,931 shares.The stock last traded at $85.09 and had previously closed at $85.95.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 29.45 and a beta of 1.05. The firm has a 50 day simple moving average of $87.34 and a two-hundred day simple moving average of $83.13.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were given a $0.1907 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Tuesday, March 19th.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Several institutional investors have recently added to or reduced their stakes in QQQE. Wolff Wiese Magana LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $26,000. TD Capital Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $29,000. FNY Investment Advisers LLC boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% during the fourth quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock valued at $32,000 after purchasing an additional 315 shares during the last quarter. CWM LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 56.8% in the third quarter. CWM LLC now owns 765 shares of the company’s stock valued at $57,000 after purchasing an additional 277 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 64.4% during the 3rd quarter. Spire Wealth Management now owns 881 shares of the company’s stock worth $66,000 after purchasing an additional 345 shares during the last quarter.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.