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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw strong trading volume on Wednesday . 804,938 shares were traded during trading, an increase of 280% from the previous session’s volume of 211,614 shares.The stock last traded at $90.88 and had previously closed at $92.06.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The firm’s fifty day moving average price is $88.73 and its 200-day moving average price is $87.22. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were issued a $0.1796 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $0.72 dividend on an annualized basis and a yield of 0.81%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,818 shares of the company’s stock valued at $339,000 after purchasing an additional 129 shares during the period. CWM LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the second quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after purchasing an additional 131 shares during the period. Mystic Asset Management Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the first quarter. Mystic Asset Management Inc. now owns 10,230 shares of the company’s stock valued at $913,000 after purchasing an additional 140 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% in the first quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock valued at $1,000,000 after purchasing an additional 146 shares during the period. Finally, DHJJ Financial Advisors Ltd. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 5.3% in the second quarter. DHJJ Financial Advisors Ltd. now owns 2,898 shares of the company’s stock valued at $257,000 after purchasing an additional 147 shares during the period.

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.