Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Up 22.8% in April

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 1,510,000 shares, an increase of 22.8% from the April 15th total of 1,230,000 shares. Based on an average daily volume of 192,300 shares, the days-to-cover ratio is currently 7.9 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE stock traded up $1.15 during mid-day trading on Wednesday, hitting $88.48. 418,349 shares of the stock traded hands, compared to its average volume of 194,829. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $70.18 and a twelve month high of $89.86. The company's 50-day simple moving average is $86.90 and its 200-day simple moving average is $84.10. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 20th were given a $0.1907 dividend. This represents a $0.76 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, March 19th.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth approximately $26,000. Montag A & Associates Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $26,000. TD Capital Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $29,000. FNY Investment Advisers LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% in the 4th quarter. FNY Investment Advisers LLC now owns 385 shares of the company's stock valued at $32,000 after purchasing an additional 315 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 64.4% in the 3rd quarter. Spire Wealth Management now owns 881 shares of the company's stock valued at $66,000 after purchasing an additional 345 shares during the period.

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.

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