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) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 483,398 shares, a decrease of 44.4% from the September 30th total of 869,297 shares. Based on an average daily volume of 175,372 shares, the short-interest ratio is presently 2.8 days. Currently, 4.0% of the company’s shares are sold short.

Direxion NASDAQ-100 Equal Weighted Index ETF Price Performance

Shares of NASDAQ QQQE traded down $2.92 during mid-day trading on Friday, hitting $116.29. The company’s stock had a trading volume of 478,012 shares, compared to its average volume of 216,514. The stock has a market cap of $1.42 billion, a price-to-earnings 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 company’s fifty day simple moving average is $119.94 and its 200-day simple moving average is $113.05.

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

Large investors have recently bought and sold shares of the business. Eastern Bank bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index ETF in the third quarter worth about $30,000. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index ETF by 87.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 499 shares of the company’s stock valued at $60,000 after purchasing an additional 233 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index ETF in the 1st quarter valued at approximately $89,000. Hollencrest Capital Management grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index ETF by 39.3% in the 1st quarter. Hollencrest Capital Management now owns 1,375 shares of the company’s stock valued at $135,000 after purchasing an additional 388 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index ETF during the 2nd quarter worth approximately $203,000.

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.