Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw strong trading volume on Thursday . 212,234 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 247,814 shares.The stock last traded at $91.06 and had previously closed at $90.96.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The company has a market cap of $1.29 billion, a PE ratio of 28.84 and a beta of 1.05. The business has a fifty day simple moving average of $92.79 and a two-hundred day simple moving average of $89.93.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth $54,000. Beaird Harris Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at $55,000. Banque Cantonale Vaudoise raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock valued at $106,000 after purchasing an additional 247 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $142,000. Finally, WR Wealth Planners LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 27.3% in the second quarter. WR Wealth Planners LLC now owns 1,882 shares of the company’s stock valued at $167,000 after purchasing an additional 404 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.