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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw an uptick in trading volume on Tuesday . 84,270 shares changed hands during trading, a decline of 58% from the previous session’s volume of 200,553 shares.The stock last traded at $90.19 and had previously closed at $89.56.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The stock has a market capitalization of $1.28 billion, a P/E ratio of 28.84 and a beta of 1.05. The stock has a fifty day moving average price of $92.75 and a 200 day moving average price of $90.26.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2402 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of QQQE. Atria Investments Inc bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth approximately $2,177,000. 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. Frisch Financial Group Inc. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% in the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock worth $17,116,000 after purchasing an additional 8,099 shares during the period. KMG Fiduciary Partners LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at $1,964,000. Finally, Astor Investment Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $7,028,000.

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.