Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Update

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,440,000 shares, a growth of 28.6% from the February 13th total of 1,120,000 shares. Currently, 10.3% of the company’s stock are short sold. Based on an average trading volume of 273,300 shares, the days-to-cover ratio is currently 5.3 days.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ QQQE traded up $1.73 during midday trading on Monday, hitting $89.86. 181,830 shares of the stock traded hands, compared to its average volume of 269,093. The firm has a 50-day moving average of $92.92 and a two-hundred day moving average of $91.83. The firm has a market capitalization of $1.25 billion, a P/E ratio of 26.94 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $81.45 and a one year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company’s stock worth $81,335,000 after purchasing an additional 357,895 shares in the last quarter. Total Investment Management Inc. increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after purchasing an additional 24,002 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% in the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company’s stock worth $37,873,000 after purchasing an additional 8,600 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $37,703,000. Finally, Waddell & Associates LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company’s stock worth $34,381,000 after buying an additional 8,548 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.