Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Down 37.7% in August

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,190,000 shares, a decline of 37.7% from the August 15th total of 1,910,000 shares. Based on an average trading volume of 460,700 shares, the days-to-cover ratio is presently 2.6 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.9 %

Shares of QQQE stock opened at $78.16 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $57.41 and a 1 year high of $81.00. The firm’s fifty day simple moving average is $78.01 and its 200 day simple moving average is $74.09. The firm has a market capitalization of $840.22 million, a P/E ratio of 20.91 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Thursday, June 22nd were issued a $0.159 dividend. This represents a $0.64 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, June 21st.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.2% in the 2nd quarter. IFP Advisors Inc now owns 7,005 shares of the company’s stock valued at $317,000 after buying an additional 149 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6.6% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 3,141 shares of the company’s stock valued at $242,000 after purchasing an additional 194 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 13,933 shares of the company’s stock valued at $889,000 after purchasing an additional 270 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,579 shares of the company’s stock valued at $1,122,000 after purchasing an additional 271 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,648 shares of the company’s stock valued at $627,000 after purchasing an additional 327 shares in 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.