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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw strong trading volume on Monday . 178,110 shares changed hands 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 Stock Down 0.3 %

The firm has a market capitalization of $1.23 billion, a PE ratio of 28.84 and a beta of 1.05. The firm’s fifty day simple moving average is $87.37 and its 200-day simple moving average is $86.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be issued a $0.1796 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.72 annualized dividend and a yield of 0.81%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QQQE. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $6,272,000. Dana Investment Advisors Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $826,000. CAP Partners LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $4,487,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 21.8% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 55,713 shares of the company’s stock valued at $4,716,000 after purchasing an additional 9,985 shares during the last quarter. Finally, Waddell & Associates LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock valued at $30,037,000 after purchasing an additional 335,528 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.