Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Update

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,480,000 shares, a growth of 27.6% from the November 30th total of 1,160,000 shares. Based on an average trading volume of 264,200 shares, the days-to-cover ratio is presently 5.6 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE traded down $0.38 during trading on Tuesday, reaching $89.77. 460,740 shares of the stock traded hands, compared to its average volume of 251,280. The stock’s 50-day simple moving average is $92.77 and its two-hundred day simple moving average is $90.14. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $81.45 and a fifty-two week high of $96.39. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.2402 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several large investors have recently added to or reduced their stakes in QQQE. Goodman Advisory Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth about $54,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at $55,000. JPMorgan Chase & Co. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 910 shares of the company’s stock worth $82,000 after buying an additional 787 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the second quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after acquiring an additional 247 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $142,000.

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.