QQQE

Direxion NASDAQ-100 Equal Weighted Index Shares

$100.63

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Direxion NASDAQ-100 Equal Weighted Index Shares ETF (QQQE) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the NASDAQ-100 Equal Weighted Index.

Overview

ETF tracking Direxion NASDAQ-100 Equal Weighted Index Shares

Category Technology

Issuer Other

Inception Date 2022-12-29

Market Cap $1.2B

Average Volume N/A

Dividend Yield 0.59%

52-Week Range $76.98 - $105.23

VWAP $100.75

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a replication strategy, seeking to hold all of the securities in the underlying index in approximately the same weights. The index is designed to provide exposure to the NASDAQ-100 Index constituents, with each stock weighted equally.

✨ Key Features

Equal-weighted exposure to the NASDAQ-100 Index constituents
Potential for reduced concentration risk compared to market-cap weighted indexes
Provides diversified access to the large-cap technology and growth sectors
Low expense ratio of 0.00%

⚠️ Primary Risks

Equity market risk: The fund is subject to the risks of the overall equity market, which may be volatile
Sector concentration risk: The fund is heavily weighted towards the technology sector, which may underperform other sectors
Tracking error risk: The fund may not perfectly track the underlying index due to various factors
Liquidity risk: The fund may experience lower trading volumes or be less liquid than other ETFs

👤 Best For

This ETF may be suitable for investors seeking broad exposure to the large-cap technology and growth sectors, with the potential for reduced concentration risk compared to a market-cap weighted index. It may be appropriate as a core holding or satellite position in a diversified portfolio.