Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,480,000 shares, a growth of 27.6% from the November 30th total of 1,160,000 shares. Based on an average trading volume of 264,200 shares, the days-to-cover ratio is presently 5.6 days.
Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.38 during mid-day trading on Tuesday, hitting $89.77. 460,740 shares of the company's stock traded hands, compared to its average volume of 251,280. The firm has a 50 day simple moving average of $92.77 and a two-hundred day simple moving average of $90.14. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $81.45 and a fifty-two week high of $96.39. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.
The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.2402 per share. The ex-dividend date is Monday, December 23rd.
Large investors have recently bought and sold shares of the stock. Goodman Advisory Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth approximately $54,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at about $55,000. JPMorgan Chase & Co. grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% in the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company's stock valued at $82,000 after acquiring an additional 787 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company's stock worth $106,000 after purchasing an additional 247 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth about $142,000.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Direxion NASDAQ-100 Equal Weighted Index Shares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion NASDAQ-100 Equal Weighted Index Shares wasn't on the list.
While Direxion NASDAQ-100 Equal Weighted Index Shares currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.