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

The Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) experienced a significant reduction in short interest throughout January. As of January 31st, short interest amounted to 1,620,000 shares, which reflects a decline of 19.0% compared to the 2,000,000 shares reported on January 15th. Given the average trading volume of 285,600 shares, the current short-interest ratio stands at 5.7 days.

Price Performance of Direxion NASDAQ-100 Equal Weighted Index Shares

On a recent trading day, shares of Direxion NASDAQ-100 Equal Weighted Index Shares rose by $0.12 to reach $96.81. A total of 259,361 shares were traded, surpassing the average volume of 237,305 shares. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 28.84, and a beta of 1.05. The 50-day moving average price is $92.94, while the 200-day moving average price is $91.04. Over the past year, the lowest price recorded was $81.45, and the highest was $97.08.

Dividend Announcement for Direxion NASDAQ-100 Equal Weighted Index Shares

The company also announced a dividend payment made on December 31st. Shareholders who were on record by December 23rd received a dividend of $0.2402 per share. The ex-dividend date was set for December 23rd.

Institutional Trading Activity

Recent activities among institutional investors show that several have altered their holdings of Direxion NASDAQ-100 Equal Weighted Index Shares. Total Investment Management Inc. acquired a new stake valued at approximately $59,630,000 in the third quarter. Additionally, International Assets Investment Management LLC significantly increased its stake by 8,495.2%, totaling 306,935 shares worth $27,686,000 after acquiring an additional 303,364 shares. BNP Paribas Financial Markets and Raymond James Financial Inc. also acquired new stakes, valued at around $13,530,000 and $9,261,000 respectively. Moreover, Astor Investment Management LLC purchased shares worth about $7,028,000 in the same period.

Overview of Direxion NASDAQ-100 Equal Weighted Index Shares

The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is an exchange-traded fund that tracks an equal-weighted version of the NASDAQ-100 index. This fund was launched on March 21, 2012, and is managed by Direxion.

Investment Considerations

Before making any investment decisions regarding Direxion NASDAQ-100 Equal Weighted Index Shares, investors should consult available resources and analyze the current market conditions. It's essential to weigh the potential risks against the rewards before investing.

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