Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 12-Month High – Here’s Why

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $106.06 and last traded at $105.94, with a volume of 129993 shares changing hands. The stock had previously closed at $105.50.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.5%

The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The business has a 50 day moving average price of $103.53 and a 200-day moving average price of $101.36.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Simplex Trading LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter valued at about $29,000. Parkside Financial Bank & Trust purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $43,000. Caldwell Trust Co acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth about $49,000. Finally, Miller Global Investments LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $57,000.

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.