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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw strong trading volume on Wednesday . 128,946 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 205,056 shares.The stock last traded at $94.62 and had previously closed at $93.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.1 %

The stock’s 50 day moving average price is $92.67 and its 200 day moving average price is $90.39. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QQQE. Bank of New York Mellon Corp acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $206,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth about $55,000. Goodman Advisory Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth approximately $54,000. Regal Investment Advisors LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.0% in the second quarter. Regal Investment Advisors LLC now owns 9,381 shares of the company’s stock valued at $832,000 after buying an additional 360 shares during the period. Finally, Gateway Wealth Partners LLC lifted its position in 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 buying an additional 1,021 shares in 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.