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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) experienced a significant drop in short interest during January. As of January 31, the total short interest stood at 1,620,000 shares, marking a 19.0% decrease from the January 15 figure of 2,000,000 shares. Given the average trading volume of 285,600 shares, this corresponds to a short-interest ratio of 5.7 days.

Price Performance of Direxion NASDAQ-100 Equal Weighted Index Shares

On the last trading day of the week, shares of Direxion NASDAQ-100 Equal Weighted Index Shares increased by $0.12, reaching a price of $96.81. A total of 259,361 shares changed hands, which is higher than the average volume of 237,305. The company's market capitalization is approximately $1.35 billion, with a price-to-earnings ratio of 28.84 and a beta of 1.05. The 50-day moving average for the stock is $92.94, while the 200-day moving average is $91.04. Over the past year, the stock has seen a low of $81.45 and a high of $97.08.

Dividend Announcement

Direxion recently declared a dividend which was paid out on December 31. Shareholders who were on record as of December 23 received a dividend of $0.2402 per share. Notably, the ex-dividend date was also December 23.

Institutional Trading Activity

Recent changes among institutional investors reveal modifications in their holdings of Direxion NASDAQ-100 Equal Weighted Index Shares. For instance, Total Investment Management Inc. acquired a new position in the company in the third quarter valued at around $59,630,000. Moreover, International Assets Investment Management LLC significantly raised its stake in Direxion by 8,495.2% during the same period, now holding 306,935 shares worth around $27,686,000 after buying an additional 303,364 shares. Other notable transactions included BNP Paribas Financial Markets acquiring a new stake valued at approximately $13,530,000 and Raymond James Financial Inc. investing $9,261,000 in the fourth quarter. Lastly, Astor Investment Management LLC also bought a new stake in this fund worth about $7,028,000 during the third quarter.

About Direxion NASDAQ-100 Equal Weighted Index Shares

The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is an exchange-traded fund (ETF) that aims to replicate the performance of the NASDAQ-100 Equally Weighted Index. This fund provides investors with an opportunity to access an equal-weighted version of the NASDAQ-100, launched on March 21, 2012, and managed by Direxion.

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