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

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

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.4 %

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.38 during midday trading on Tuesday, hitting $89.77. 460,740 shares of the stock were exchanged, compared to its average volume of 251,280. The stock has a market capitalization of $1.28 billion, a PE ratio of 28.84 and a beta of 1.05. The company has a fifty day simple moving average of $92.77 and a two-hundred day simple moving average of $90.14. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $81.45 and a 52 week high of $96.39.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

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

Several large investors have recently made changes to their positions in QQQE. Atria Investments Inc bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at about $2,177,000. Total Investment Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at $59,630,000. KMG Fiduciary Partners LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $1,964,000. Astor Investment Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at $7,028,000. Finally, Frisch Financial Group Inc. boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the 3rd quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock worth $17,116,000 after buying an additional 8,099 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.