Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase – Time to Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw unusually-high trading volume on Thursday . Approximately 212,234 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 247,814 shares.The stock last traded at $91.06 and had previously closed at $90.96.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock’s fifty day moving average price is $92.76 and its 200-day moving average price is $89.96.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.70%.

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

Large investors have recently made changes to their positions in the business. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $54,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at $55,000. Banque Cantonale Vaudoise boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the second quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after purchasing an additional 247 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth about $142,000. Finally, WR Wealth Planners LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 27.3% during the 2nd quarter. WR Wealth Planners LLC now owns 1,882 shares of the company’s stock worth $167,000 after acquiring an additional 404 shares in the last quarter.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.