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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw strong trading volume on Wednesday . 388,568 shares changed hands during trading, an increase of 59% from the previous session’s volume of 243,744 shares.The stock last traded at $87.60 and had previously closed at $87.50.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.4 %

The company has a market cap of $1.35 billion, a PE ratio of 28.84 and a beta of 1.05. The stock’s 50 day simple moving average is $88.18 and its two-hundred day simple moving average is $87.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were given a $0.1796 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Tuesday, June 25th.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Montag A & Associates Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at $26,000. TD Capital Management LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $29,000. Goodman Advisory Group LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth approximately $54,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter valued at $55,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at about $85,000.

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.