Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) to Issue $0.16 Quarterly Dividend

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be paid a dividend of 0.1627 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.1%

NASDAQ:QQQE traded down $1.09 during midday trading on Tuesday, reaching $98.81. The stock had a trading volume of 629,888 shares, compared to its average volume of 304,075. The firm has a fifty day simple moving average of $102.95 and a two-hundred day simple moving average of $102.38. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $107.06. The stock has a market cap of $1.17 billion, a P/E ratio of 27.96 and a beta of 1.08.

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.