Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Strong Trading Volume – Should You Buy?

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw unusually-high trading volume on Tuesday . Approximately 84,270 shares were traded during trading, a decline of 58% from the previous session’s volume of 200,553 shares.The stock last traded at $90.19 and had previously closed at $89.56.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The company has a market cap of $1.26 billion, a PE ratio of 28.84 and a beta of 1.05. The business’s 50-day moving average is $92.79 and its 200 day moving average is $90.24.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

A number of institutional investors have recently made changes to their positions in QQQE. Tilia Fiduciary Partners Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,416 shares of the company’s stock valued at $396,000 after buying an additional 139 shares during the last quarter. Beck Capital Management LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the 3rd quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock worth $1,964,000 after buying an additional 158 shares during the period. SOL Capital Management CO raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% during the third quarter. SOL Capital Management CO now owns 58,310 shares of the company’s stock valued at $5,260,000 after acquiring an additional 205 shares in the last quarter. AE Wealth Management LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the second quarter. AE Wealth Management LLC now owns 20,270 shares of the company’s stock worth $1,799,000 after acquiring an additional 272 shares during the period. Finally, Regal Investment Advisors LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.0% in the second quarter. Regal Investment Advisors LLC now owns 9,381 shares of the company’s stock valued at $832,000 after acquiring an additional 360 shares in the last quarter.

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.