Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,440,000 shares, an increase of 28.6% from the February 13th total of 1,120,000 shares. Approximately 10.3% of the company's shares are short sold. Based on an average daily volume of 273,300 shares, the days-to-cover ratio is currently 5.3 days.
Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares
Large investors have recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $31,000. Kestra Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $34,000. Finally, Global Trust Asset Management LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $38,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.4 %
Shares of QQQE traded down $0.37 during trading hours on Friday, reaching $88.64. The stock had a trading volume of 207,121 shares, compared to its average volume of 262,580. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $81.45 and a 52 week high of $97.98. The firm has a 50-day moving average of $92.75 and a 200 day moving average of $91.80. The company has a market cap of $1.24 billion, a P/E ratio of 26.94 and a beta of 1.05.
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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