Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Short Interest Update

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 655,788 shares, a drop of 24.3% from the January 15th total of 866,614 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily volume of 342,720 shares, the short-interest ratio is presently 1.9 days. Based on an average daily volume of 342,720 shares, the short-interest ratio is presently 1.9 days. Currently, 5.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Simplex Trading LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth $29,000. Parkside Financial Bank & Trust purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at about $43,000. Caldwell Trust Co bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $49,000. Finally, Miller Global Investments LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $57,000.

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

QQQE traded up $1.15 during trading on Monday, reaching $102.67. 154,579 shares of the stock traded hands, compared to its average volume of 271,949. The stock has a market capitalization of $1.21 billion, a PE ratio of 27.96 and a beta of 1.08. The stock’s 50-day moving average is $103.73 and its 200 day moving average is $101.62. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $107.06.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.