Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Trading Down 0% – What’s Next?

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) traded down 0% on Wednesday . The company traded as low as $119.39 and last traded at $119.88. 148,324 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 227,505 shares. The stock had previously closed at $119.90.

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

The stock has a market cap of $1.37 billion, a P/E ratio of 27.96 and a beta of 1.09. The stock has a fifty day simple moving average of $120.24 and a 200-day simple moving average of $112.70.

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

Several hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth $89,000. Hollencrest Capital Management grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 39.3% in the first quarter. Hollencrest Capital Management now owns 1,375 shares of the company’s stock valued at $135,000 after acquiring an additional 388 shares during the period. Wells Fargo & Company MN grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 383.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,677 shares of the company’s stock valued at $172,000 after acquiring an additional 1,330 shares during the period. Aspire Capital Advisors LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth about $203,000. Finally, Range Advisory LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth about $209,000.

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.