Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Down 33.8% in June

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 1,020,000 shares, a decline of 33.8% from the June 15th total of 1,540,000 shares. Based on an average trading volume of 213,600 shares, the short-interest ratio is currently 4.8 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.39 during trading hours on Friday, hitting $90.62. The company’s stock had a trading volume of 5,499 shares, compared to its average volume of 199,532. The business has a 50 day moving average price of $88.15 and a two-hundred day moving average price of $86.99. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $70.18 and a 12-month high of $91.21. The company has a market cap of $1.26 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were given a $0.1796 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $0.72 annualized dividend and a dividend yield of 0.79%.

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

Several large investors have recently made changes to their positions in the business. Montag A & Associates Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth about $26,000. TD Capital Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $29,000. FNY Investment Advisers LLC lifted its position in shares of 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 worth $32,000 after buying an additional 315 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth about $85,000. Finally, CWM LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 47.1% in the fourth quarter. CWM LLC now owns 1,125 shares of the company’s stock worth $95,000 after buying an additional 360 shares in the last quarter.

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.