Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 12-Month High – What’s Next?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $114.43 and last traded at $114.16, with a volume of 142011 shares. The stock had previously closed at $114.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.1%

The stock’s 50-day simple moving average is $103.54 and its two-hundred day simple moving average is $103.20. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a dividend of $0.1627 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%.

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,685 shares of the company’s stock valued at $275,000 after buying an additional 100 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,466 shares of the company’s stock valued at $1,275,000 after buying an additional 107 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the fourth quarter. Sanctuary Advisors LLC now owns 3,767 shares of the company’s stock valued at $385,000 after buying an additional 122 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,076 shares of the company’s stock valued at $315,000 after buying an additional 134 shares during the last quarter. Finally, Beck Capital Management LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the fourth quarter. Beck Capital Management LLC now owns 15,724 shares of the company’s stock valued at $1,609,000 after buying an additional 137 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.