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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw an uptick in trading volume on Wednesday . 128,946 shares traded hands during trading, a decline of 37% from the previous session’s volume of 205,056 shares.The stock last traded at $94.62 and had previously closed at $93.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The stock has a market cap of $1.30 billion, a PE ratio of 28.84 and a beta of 1.05. The stock has a fifty day simple moving average of $92.67 and a two-hundred day simple moving average of $90.39.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2402 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atria Investments Inc acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during 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 during the 3rd quarter valued at approximately $59,630,000. Frisch Financial Group Inc. grew its stake in 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 valued at $17,116,000 after purchasing an additional 8,099 shares in the last quarter. Amplius Wealth Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $281,000. Finally, KMG Fiduciary Partners LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $1,964,000.

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.