Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Down 19.0% in January

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,620,000 shares, a decrease of 19.0% from the January 15th total of 2,000,000 shares. Based on an average daily volume of 285,600 shares, the short-interest ratio is presently 5.7 days.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several institutional investors and hedge funds have recently made changes to their positions in QQQE. Total Investment Management Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at $59,630,000. International Assets Investment Management LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after buying an additional 303,364 shares during the period. BNP Paribas Financial Markets purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $13,530,000. Raymond James Financial Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $9,261,000. Finally, Astor Investment Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $7,028,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $96.81 on Monday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $81.45 and a fifty-two week high of $97.08. The stock’s fifty day moving average is $92.94 and its two-hundred day moving average is $91.06.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.2402 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.