Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 1-Year High - Here's What Happened

Key Points

• The Direxion NASDAQ-100 Equal Weighted Index Shares (**NASDAQ:QQQE**) reached a **new 52-week high** of $103.95 during mid-day trading on Tuesday, closing at $103.82.
• The company has a **market cap of $1.30 billion** and a **PE ratio of 27.96**, indicating an interest in the stock among investors.
• Institutional investors have been actively trading the stock, with notable purchases and **significant increases** in positions from firms like Harel Insurance and Ancora Advisors.

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $103.95 and last traded at $103.82, with a volume of 62595 shares changing hands. The stock had previously closed at $103.24.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.6%

The company has a market cap of $1.30 billion, a PE ratio of 27.96 and a beta of 1.05. The stock has a 50-day moving average of $99.89 and a 200-day moving average of $95.64.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Large investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $29,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock valued at $27,000 after buying an additional 300 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $43,000. Finally, Ancora Advisors LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% during the 1st quarter. Ancora Advisors LLC now owns 469 shares of the company's stock valued at $41,000 after purchasing an additional 115 shares during 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.

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