Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Strong Trading Volume – What’s Next?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw an uptick in trading volume on Monday . 297,531 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 237,327 shares.The stock last traded at $95.56 and had previously closed at $94.83.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.1 %

The company has a market cap of $1.33 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The business has a fifty day moving average price of $92.90 and a two-hundred day moving average price of $90.87.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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 hedge funds have recently added to or reduced their stakes in QQQE. CWM LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 318.9% in the third quarter. CWM LLC now owns 5,496 shares of the company’s stock worth $496,000 after buying an additional 4,184 shares during the last quarter. Marshall Financial Group LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth approximately $1,278,000. Sax Wealth Advisors LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 28.0% in the third quarter. Sax Wealth Advisors LLC now owns 7,094 shares of the company’s stock worth $640,000 after buying an additional 1,553 shares during the last quarter. KMG Fiduciary Partners LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $1,964,000. Finally, OLD National Bancorp IN bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $309,000.

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.