Short Interest in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Expands By 28.6%

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,440,000 shares, an increase of 28.6% from the February 13th total of 1,120,000 shares. Approximately 10.3% of the company’s shares are sold short. Based on an average daily volume of 273,300 shares, the short-interest ratio is currently 5.3 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ:QQQE traded down $0.92 during trading hours on Tuesday, reaching $88.65. 292,306 shares of the company were exchanged, compared to its average volume of 270,806. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 26.94 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $81.45 and a 52-week high of $97.98. The stock has a 50 day simple moving average of $92.87 and a 200 day simple moving average of $91.84.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently declared 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

A number of large investors have recently bought and sold shares of the stock. CAP Partners LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.1% in the 3rd quarter. CAP Partners LLC now owns 55,127 shares of the company’s stock valued at $4,972,000 after acquiring an additional 2,193 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at $199,000. Waddell & Associates LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the 3rd quarter. Waddell & Associates LLC now owns 374,445 shares of the company’s stock valued at $33,775,000 after acquiring an additional 12,033 shares during the period. FMR LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 394.6% in the 3rd quarter. FMR LLC now owns 3,858 shares of the company’s stock valued at $348,000 after acquiring an additional 3,078 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at $13,530,000.

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.