Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Unusually-High Trading Volume

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw an uptick in trading volume on Tuesday . 255,480 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 188,931 shares.The stock last traded at $85.09 and had previously closed at $85.95.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.8 %

The stock has a market cap of $1.18 billion, a P/E ratio of 29.45 and a beta of 1.05. The firm has a 50 day moving average price of $87.34 and a 200 day moving average price of $83.13.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a $0.1907 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $0.76 annualized dividend and a dividend yield of 0.90%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several institutional investors have recently made changes to their positions in QQQE. Avantax Advisory Services Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 10,625 shares of the company’s stock worth $794,000 after purchasing an additional 174 shares during the period. CWM LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 56.8% during the 3rd quarter. CWM LLC now owns 765 shares of the company’s stock worth $57,000 after acquiring an additional 277 shares in the last quarter. Private Capital Management LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.5% in the fourth quarter. Private Capital Management LLC now owns 3,561 shares of the company’s stock worth $301,000 after purchasing an additional 280 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% in the 4th 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. Finally, TD Capital Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $29,000.

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.