Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw unusually-high trading volume on Tuesday . Approximately 366,090 shares traded hands during mid-day trading, an increase of 46% from the previous session’s volume of 250,147 shares.The stock last traded at $89.83 and had previously closed at $90.15.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.5 %

The stock has a market capitalization of $1.28 billion, a P/E ratio of 28.84 and a beta of 1.05. The company’s 50-day moving average is $92.77 and its two-hundred day moving average is $90.14.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a dividend of $0.2402 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Large investors have recently added to or reduced their stakes in the business. Total Investment Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth $59,630,000. International Assets Investment Management LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after purchasing an additional 303,364 shares during the period. BNP Paribas Financial Markets bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at about $13,530,000. Astor Investment Management LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $7,028,000. Finally, MRA Advisory Group raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% during the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock worth $9,373,000 after buying an additional 43,058 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.