Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE) Shares Shorted: Short Interest Down 44.4% in October

Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 483,398 shares, a drop of 44.4% from the September 30th total of 869,297 shares. Based on an average trading volume of 175,372 shares, the short-interest ratio is currently 2.8 days. Approximately 4.0% of the company’s stock are sold short.

Direxion NASDAQ-100 Equal Weighted Index ETF Stock Down 2.4%

QQQE traded down $2.92 during trading on Friday, hitting $116.29. The company had a trading volume of 478,012 shares, compared to its average volume of 216,514. The company has a market capitalization of $1.42 billion, a PE ratio of 27.96 and a beta of 1.09. Direxion NASDAQ-100 Equal Weighted Index ETF has a one year low of $95.64 and a one year high of $125.00. The firm’s 50-day moving average price is $119.94 and its 200 day moving average price is $113.05.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of QQQE. Integrity Alliance LLC. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index ETF in the third quarter valued at approximately $2,242,000. Integrity Advisory Solutions LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index ETF by 14.6% during the third quarter. Integrity Advisory Solutions LLC now owns 4,629 shares of the company’s stock worth $556,000 after purchasing an additional 588 shares during the last quarter. International Assets Investment Management LLC grew its position in Direxion NASDAQ-100 Equal Weighted Index ETF by 604.2% in the third quarter. International Assets Investment Management LLC now owns 15,000 shares of the company’s stock valued at $1,802,000 after purchasing an additional 12,870 shares in the last quarter. Ballast Rock Private Wealth LLC grew its position in Direxion NASDAQ-100 Equal Weighted Index ETF by 32.6% in the third quarter. Ballast Rock Private Wealth LLC now owns 7,449 shares of the company’s stock valued at $895,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index ETF by 25.3% in the 3rd quarter. Sowell Financial Services LLC now owns 7,536 shares of the company’s stock valued at $905,000 after buying an additional 1,523 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index ETF 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.