Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Up 27.6% in December

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 1,480,000 shares, an increase of 27.6% from the November 30th total of 1,160,000 shares. Based on an average daily trading volume, of 264,200 shares, the days-to-cover ratio is currently 5.6 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ:QQQE traded down $0.38 on Tuesday, hitting $89.77. The stock had a trading volume of 460,740 shares, compared to its average volume of 251,280. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The firm’s 50 day moving average price is $92.74 and its 200-day moving average price is $90.15. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $81.45 and a twelve month high of $96.39.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Hedge funds have recently modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at $54,000. Beaird Harris Wealth Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth about $55,000. JPMorgan Chase & Co. increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 910 shares of the company’s stock valued at $82,000 after acquiring an additional 787 shares in the last quarter. Banque Cantonale Vaudoise raised 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 worth $106,000 after acquiring an additional 247 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $142,000.

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.