Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE – Get Free Report) was the recipient of a significant 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. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 175,372 shares, the days-to-cover ratio is currently 2.8 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of QQQE. Independent Financial Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index ETF in the first quarter worth $11,817,000. Bank of America Corp DE increased its position in Direxion NASDAQ-100 Equal Weighted Index ETF by 13.6% during the first quarter. Bank of America Corp DE now owns 724,041 shares of the company’s stock worth $71,340,000 after acquiring an additional 86,683 shares during the period. Ameritas Advisory Services LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index ETF by 591.7% during the second quarter. Ameritas Advisory Services LLC now owns 51,241 shares of the company’s stock worth $6,252,000 after acquiring an additional 43,833 shares during the period. Royal Bank of Canada raised its stake in Direxion NASDAQ-100 Equal Weighted Index ETF by 37.6% during the 1st quarter. Royal Bank of Canada now owns 127,223 shares of the company’s stock valued at $12,536,000 after purchasing an additional 34,755 shares during the last quarter. Finally, Gateway Wealth Partners LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index ETF by 91.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 52,632 shares of the company’s stock valued at $5,186,000 after purchasing an additional 25,180 shares during the last quarter.
Direxion NASDAQ-100 Equal Weighted Index ETF Stock Down 0.3%
Shares of QQQE stock opened at $115.89 on Tuesday. Direxion NASDAQ-100 Equal Weighted Index ETF has a 12 month low of $95.64 and a 12 month high of $125.00. The business’s 50 day moving average is $119.80 and its two-hundred day moving average is $113.10. The company has a market cap of $1.41 billion, a PE ratio of 27.96 and a beta of 1.09.
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.
See Also
- Five stocks we like better than Direxion NASDAQ-100 Equal Weighted Index ETF
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for Direxion NASDAQ-100 Equal Weighted Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion NASDAQ-100 Equal Weighted Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
