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

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw unusually-high trading volume on Friday . Approximately 557,549 shares traded hands during trading, an increase of 127% from the previous session’s volume of 246,125 shares.The stock last traded at $90.93 and had previously closed at $93.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 2.4 %

The firm has a market cap of $1.29 billion, a PE ratio of 28.84 and a beta of 1.05. The firm’s fifty day simple moving average is $90.44 and its two-hundred day simple moving average is $88.76.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a dividend of $0.1602 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, September 24th.

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

Institutional investors have recently bought and sold shares of the business. Total Investment Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth about $59,630,000. International Assets Investment Management LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the 3rd quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock valued at $27,686,000 after buying an additional 303,364 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth $13,530,000. Astor Investment Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at $7,028,000. Finally, MRA Advisory Group increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% in the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock valued at $9,373,000 after acquiring an additional 43,058 shares during the last quarter.

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.