Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 52-Week High – What’s Next?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $95.50 and last traded at $95.46, with a volume of 86386 shares. The stock had previously closed at $94.63.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.8 %

The stock has a market capitalization of $1.36 billion, a PE ratio of 28.84 and a beta of 1.05. The firm’s 50-day simple moving average is $91.52 and its two-hundred day simple moving average is $89.32.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.67%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth about $317,000. Frisch Financial Group Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock valued at $17,116,000 after purchasing an additional 8,099 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at $263,000. National Bank of Canada FI grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 22.8% during the third quarter. National Bank of Canada FI now owns 2,017 shares of the company’s stock worth $182,000 after buying an additional 374 shares during the last quarter. Finally, Wolverine Trading LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at $213,000.

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.