Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 52-Week High – Time to Buy?

by · The Markets Daily

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $105.47 and last traded at $105.36, with a volume of 104737 shares. The stock had previously closed at $104.50.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The company has a 50-day moving average of $102.96 and a 200-day moving average of $101.17.

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

Several large investors have recently modified their holdings of the stock. SteelPeak Wealth LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $56,917,000. BNP Paribas Financial Markets increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company’s stock valued at $19,800,000 after purchasing an additional 100,000 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at about $4,461,000. Wolverine Trading LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 127.9% during the third quarter. Wolverine Trading LLC now owns 51,943 shares of the company’s stock worth $5,283,000 after buying an additional 29,146 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 468.7% during the second quarter. Tower Research Capital LLC TRC now owns 31,263 shares of the company’s stock worth $3,073,000 after buying an additional 25,766 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

(Get Free Report)

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.

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