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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQEGet Free Report) shares saw strong trading volume on Wednesday . 433,959 shares changed hands during trading, an increase of 124% from the previous session’s volume of 193,364 shares.The stock last traded at $87.73 and had previously closed at $86.69.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The firm’s 50-day moving average price is $86.73 and its 200 day moving average price is $85.49. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a $0.1907 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Tuesday, March 19th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $2,568,000. Comerica Bank increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the first quarter. Comerica Bank now owns 12,868 shares of the company’s stock worth $1,148,000 after buying an additional 316 shares during the period. Beck Capital Management LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.9% in the 1st quarter. Beck Capital Management LLC now owns 20,508 shares of the company’s stock valued at $1,829,000 after purchasing an additional 1,502 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth approximately $212,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter valued at about $557,000.

About Direxion NASDAQ-100 Equal Weighted Index Shares

(Get Free Report)

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.

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