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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 1,080,000 shares, a decrease of 46.0% from the October 31st total of 2,000,000 shares. Based on an average trading volume of 286,200 shares, the short-interest ratio is presently 3.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of QQQE. Goodman Advisory Group LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth approximately $54,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth $55,000. Banque Cantonale Vaudoise grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the second quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock valued at $106,000 after buying an additional 247 shares in the last quarter. CWM LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after buying an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.6 %

QQQE stock traded down $0.61 during midday trading on Thursday, hitting $94.07. 310,952 shares of the company’s stock were exchanged, compared to its average volume of 249,791. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $78.04 and a 1-year high of $95.41. The business has a 50-day simple moving average of $91.34 and a two-hundred day simple moving average of $89.22. The stock has a market capitalization of $1.34 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%.

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.