Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 12-Month High – Time to Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $97.98 and last traded at $97.98, with a volume of 415005 shares trading hands. The stock had previously closed at $96.81.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.2 %

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock’s 50-day simple moving average is $92.97 and its 200 day simple moving average is $91.13.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Helium Advisors LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth approximately $373,000. GTS Securities LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 133.2% during the fourth quarter. GTS Securities LLC now owns 29,623 shares of the company’s stock worth $2,658,000 after purchasing an additional 16,921 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth approximately $212,000. First Heartland Consultants Inc. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6.3% during the fourth quarter. First Heartland Consultants Inc. now owns 3,414 shares of the company’s stock worth $306,000 after purchasing an additional 202 shares in the last quarter. Finally, Wolverine Trading LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 93.8% during the fourth quarter. Wolverine Trading LLC now owns 4,563 shares of the company’s stock worth $411,000 after purchasing an additional 2,209 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.