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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw unusually-strong trading volume on Wednesday . Approximately 267,156 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 264,945 shares.The stock last traded at $87.77 and had previously closed at $87.18.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 28.59 and a beta of 1.05. The stock has a 50 day moving average price of $93.09 and a 200-day moving average price of $91.86.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

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

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Total Investment Management Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $59,630,000. Bank of America Corp DE grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the fourth quarter. Bank of America Corp DE now owns 906,043 shares of the company’s stock valued at $81,335,000 after purchasing an additional 357,895 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $14,938,000. BNP Paribas Financial Markets purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $13,530,000. Finally, Raymond James Financial Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $9,261,000.

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.