Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sees Large Volume Increase – Time to Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares saw unusually-strong trading volume on Wednesday . Approximately 670,344 shares traded hands during trading, an increase of 249% from the previous session’s volume of 192,181 shares.The stock last traded at $103.9040 and had previously closed at $102.82.

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 business’s 50 day moving average is $102.96 and its 200-day moving average is $101.17.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Large investors have recently made changes to their positions in the company. Simplex Trading LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $29,000. Parkside Financial Bank & Trust acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at $43,000. Caldwell Trust Co acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $49,000. Finally, Miller Global Investments LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $57,000.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.