Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw an uptick in trading volume on Tuesday . 140,047 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 188,145 shares.The stock last traded at $84.64 and had previously closed at $84.89.

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 1.19. The firm’s 50-day moving average is $87.76 and its 200 day moving average is $82.54.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.1907 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.91%.

Institutional Inflows and Outflows

A number of hedge funds and other 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 in the 3rd quarter valued at about $26,000. TD Capital Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $29,000. FNY Investment Advisers LLC grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% in the fourth quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock valued at $32,000 after acquiring an additional 315 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 130.0% in the first quarter. Tower Research Capital LLC TRC now owns 736 shares of the company’s stock valued at $53,000 after acquiring an additional 416 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 201.7% during the third quarter. CENTRAL TRUST Co now owns 908 shares of the company’s stock valued at $55,000 after purchasing an additional 607 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.