Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Strong Trading Volume Following Dividend Announcement

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw an uptick in trading volume on Monday after the company announced a dividend. 307,834 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 245,164 shares.The stock last traded at $89.64 and had previously closed at $89.48.

The newly announced dividend which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th will be given a dividend of $0.1602 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.72%.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The stock has a market cap of $1.39 billion, a PE ratio of 28.84 and a beta of 1.05. The stock’s 50-day moving average is $87.60 and its two-hundred day moving average is $87.71.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Hedge funds have recently added to or reduced their stakes in the business. White Pine Investment CO raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% in the 2nd quarter. White Pine Investment CO now owns 16,310 shares of the company’s stock valued at $1,447,000 after purchasing an additional 124 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% in the 2nd 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 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 purchasing an additional 131 shares in the last quarter. Mystic Asset Management Inc. raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the 1st 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 in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% in the 1st 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 in the last quarter.

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.