Polar Asset Management Partners Inc. Invests $14.94 Million in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Polar Asset Management Partners Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 166,400 shares of the company's stock, valued at approximately $14,938,000. Polar Asset Management Partners Inc. owned approximately 1.19% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. Runnymede Capital Advisors Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $34,000. Finally, Global Trust Asset Management LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $38,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.1%

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.09 during trading on Tuesday, hitting $95.21. 65,999 shares of the stock were exchanged, compared to its average volume of 273,864. The company has a fifty day moving average price of $87.00 and a 200-day moving average price of $90.96. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.0614 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.26%.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.