Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Update

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,620,000 shares, a decrease of 19.0% from the January 15th total of 2,000,000 shares. Based on an average trading volume of 285,600 shares, the days-to-cover ratio is presently 5.7 days.

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Hedge funds have recently made changes to their positions in the business. Total Investment Management Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth $59,630,000. Bank of America Corp DE boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after buying an additional 357,895 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the 3rd 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 in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $14,938,000. Finally, BNP Paribas Financial Markets acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at approximately $13,530,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.3 %

Shares of NASDAQ QQQE traded down $0.25 during mid-day trading on Wednesday, reaching $97.73. 119,470 shares of the company's stock were exchanged, compared to its average volume of 239,180. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $81.45 and a twelve month high of $97.98. The business has a fifty day simple moving average of $93.09 and a 200 day simple moving average of $91.27.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.2402 per share. The ex-dividend date was Monday, December 23rd.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.