Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) saw an uptick in trading volume on Tuesday . 366,090 shares changed hands during trading, an increase of 46% from the previous session's volume of 250,147 shares.The stock last traded at $89.83 and had previously closed at $90.15.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
The firm has a 50-day moving average of $92.77 and a 200 day moving average of $90.14. The company has a market capitalization of $1.28 billion, a PE ratio of 28.84 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement
The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.2402 per share. The ex-dividend date is Monday, December 23rd.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQQE. Total Investment Management Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at $59,630,000. Waddell & Associates LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the third quarter. Waddell & Associates LLC now owns 374,445 shares of the company's stock worth $33,775,000 after acquiring an additional 12,033 shares during the period. International Assets Investment Management LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company's stock valued at $27,686,000 after acquiring an additional 303,364 shares during the period. Frisch Financial Group Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% in the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company's stock worth $17,116,000 after purchasing an additional 8,099 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $13,530,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile
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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.
Further Reading
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