Short Interest in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Expands By 28.6%

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,440,000 shares, a growth of 28.6% from the February 13th total of 1,120,000 shares. Currently, 10.3% of the shares of the stock are short sold. Based on an average daily volume of 273,300 shares, the days-to-cover ratio is currently 5.3 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 1.0 %

Shares of QQQE stock traded down $0.92 during trading hours on Tuesday, hitting $88.65. The company’s stock had a trading volume of 292,306 shares, compared to its average volume of 270,806. The business has a fifty day moving average of $92.87 and a 200-day moving average of $91.84. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 26.94 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.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

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

Institutional investors and hedge funds have recently modified their holdings of the company. Runnymede Capital Advisors Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $34,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $38,000.

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.