Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) shares saw an uptick in trading volume on Friday . 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 Trading Down 2.4 %
The business's fifty day moving average price is $90.44 and its two-hundred day moving average price is $88.76. The firm has a market cap of $1.29 billion, a P/E ratio of 28.84 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 annualized dividend and a yield of 0.71%.
Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at about $54,000. Beaird Harris Wealth Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at approximately $55,000. Banque Cantonale Vaudoise increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company's stock worth $106,000 after buying an additional 247 shares during the period. CWM LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the second quarter. CWM LLC now owns 1,312 shares of the company's stock worth $116,000 after buying an additional 131 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $142,000.
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.
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