Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 267,156 shares traded hands during 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 company has a market cap of $1.26 billion, a price-to-earnings ratio of 26.94 and a beta of 1.05. The firm's fifty day moving average price is $92.92 and its 200-day moving average price is $91.83.
Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement
The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued 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
Several hedge funds and other institutional investors have recently modified their holdings of QQQE. Bank of America Corp DE lifted its holdings in 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 worth $81,335,000 after purchasing an additional 357,895 shares during the period. Total Investment Management Inc. lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock worth $61,500,000 after purchasing an additional 24,002 shares during the period. Royal Bank of Canada lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% in the fourth quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock worth $37,873,000 after purchasing an additional 8,600 shares during the period. PKO Investment Management Joint Stock Co acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $37,703,000. Finally, Waddell & Associates LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the fourth quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock worth $34,381,000 after purchasing an additional 8,548 shares during the period.
About Direxion NASDAQ-100 Equal Weighted Index Shares
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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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