Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $113.26 and traded as low as $111.41. Direxion NASDAQ-100 Equal Weighted Index ETF shares last traded at $111.51, with a volume of 430,837 shares traded.
Direxion NASDAQ-100 Equal Weighted Index ETF Stock Down 5.0%
The stock has a 50 day simple moving average of $119.36 and a 200 day simple moving average of $113.26. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.96 and a beta of 1.10.
Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Eastern Bank bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index ETF in the 3rd quarter worth approximately $30,000. SBI Securities Co. Ltd. grew its stake in 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 worth $60,000 after buying an additional 233 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index ETF during the 1st quarter worth $89,000. Jacobi Capital Management LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index ETF during the 3rd quarter worth $156,000. Finally, Hollencrest Capital Management increased its position in Direxion NASDAQ-100 Equal Weighted Index ETF by 39.3% in the first quarter. Hollencrest Capital Management now owns 1,375 shares of the company’s stock worth $135,000 after buying an additional 388 shares during the period.
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.
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