Short Interest in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Rises By 35.0%

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 839,898 shares, an increase of 35.0% from the February 12th total of 621,943 shares. Currently, 7.1% of the shares of the company are sold short. Based on an average daily volume of 254,517 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily volume of 254,517 shares, the days-to-cover ratio is presently 3.3 days. Currently, 7.1% of the shares of the company are sold short.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE opened at $101.07 on Tuesday. The business’s fifty day moving average is $103.42 and its 200 day moving average is $102.29. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $107.06.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Institutional investors and hedge funds have recently bought and sold shares of the company. SteelPeak Wealth LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $56,917,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock worth $53,741,000 after acquiring an additional 470,880 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% in the 4th quarter. Morgan Stanley now owns 695,869 shares of the company’s stock worth $71,195,000 after acquiring an additional 200,167 shares during the last quarter. Watershed Asset Management L.L.C. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $11,940,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% during 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 during the last quarter.

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.