Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase – Should You Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw unusually-strong trading volume on Tuesday . Approximately 366,090 shares changed hands during trading, an increase of 46% from the previous session’s volume of 250,147 shares.The stock last traded at $89.83 and had previously closed at $90.15.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The firm has a market cap of $1.28 billion, a P/E ratio of 28.84 and a beta of 1.05. The company’s 50 day moving average is $92.77 and its two-hundred day moving average is $90.14.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.2402 per share. The ex-dividend date of this dividend is Monday, December 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QQQE. Beck Capital Management LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the 3rd quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock valued at $1,964,000 after buying an additional 158 shares during the period. SOL Capital Management CO raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% in the third quarter. SOL Capital Management CO now owns 58,310 shares of the company’s stock worth $5,260,000 after purchasing an additional 205 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the second quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock valued at $106,000 after purchasing an additional 247 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the 2nd quarter. AE Wealth Management LLC now owns 20,270 shares of the company’s stock valued at $1,799,000 after purchasing an additional 272 shares during the period. Finally, 9258 Wealth Management LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% in the 2nd quarter. 9258 Wealth Management LLC now owns 11,004 shares of the company’s stock valued at $976,000 after purchasing an additional 294 shares during the period.

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.