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Direxion NASDAQ-100 Equal Weighted Index ETF

QQQE · NASDAQ

Market closed$116.80$-1.62 (-1.37%)After hours $117.67 · +0.74%

Key statistics

Previous close$118.42
Open$116.80
Day high$117.47
Day low$116.56
52-week high$123.26
52-week low$95.64
Market cap1.38B
Volume313.12K
Average volume193.33K
P/E ratio29.27
Forward P/E—
EPS3.99
Dividend yield0.00%

Market context

Why it moved

QQQE declined today amid a broader and severe high-beta momentum sell-off in the Nasdaq and tech sector, with the semiconductor index falling into bear market territory and AI-related stocks experiencing a concentrated and brutal wave of selling pressure.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF declined on Friday, closing down 1.37%, as a broad risk-off wave swept through technology and semiconductor stocks. A deteriorating AI narrative — including concerns over AI spending returns, Alphabet's delayed Gemini 3.5 Pro, a new powerful open-source Chinese AI model from Moonshot, and Netflix's underwhelming Q3 forecast — drove sharp selling pressure across many of QQQE's equal-weighted holdings like AMAT, KLAC, CRWD, and PANW. Because QQQE weights all 100 Nasdaq constituents equally, it is more exposed to broad-based selling than cap-weighted peers, amplifying the day's losses. After-hours, the ETF was recovering modestly.

-1.368

July 16, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF edged slightly lower, closing modestly down as renewed selling pressure in AI-linked semiconductor stocks weighed on broad Nasdaq exposure. The equal-weighted structure, which distributes holdings across all 100 Nasdaq components rather than concentrating in mega-caps, meant the fund felt drag from weakness in key holdings like Applied Materials, CrowdStrike, and Axon Enterprise amid tech volatility. Notably, fresh institutional interest emerged as IMC Chicago and several other funds initiated or expanded QQQE positions in Q1, and J.P. Morgan's milestone tokenization of the QQQ ETF at DTCC highlighted growing fintech innovation around Nasdaq-index products.

-0.2611

July 16, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF edged down modestly, underperforming the broader Nasdaq rebound as several of its largest equal-weighted holdings traded mixed amid a volatile macro backdrop. Cybersecurity names PANW, CRWD, and FTNT were notable bright spots — Palo Alto Networks surged ~5% on fresh analyst target hikes tied to AI security demand, CrowdStrike gained on post-split momentum and a new Chief Product Officer appointment, and Fortinet climbed near 52-week highs on strong institutional buying and new AI-era endpoint capabilities. However, semiconductor equipment names like AMAT and KLAC, also top holdings, rebounded after last week's Iran-driven selloff only to face renewed headwinds as oil prices climbed further and Fed rate-hike probabilities remained elevated ahead of the July 28-29 FOMC meeting.

-0.411

July 15, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF closed essentially flat but edged higher in after-hours trading, buoyed by a cooler-than-expected June CPI report that showed headline inflation dropping to 3.5% — its biggest monthly decline since April 2020. Several of the fund's top holdings posted strong gains on the inflation relief, with Palo Alto Networks rising ~5%, Applied Materials climbing ~4%, KLA Corporation up ~4.6%, ADP advancing ~3.5%, and Fortinet gaining ~4%, as rate-sensitive tech and growth names bounced from Monday's selloff driven by escalating U.S.-Iran tensions and surging oil prices. The equal-weight structure meant the ETF captured broad-based recovery across its holdings rather than being concentrated in mega-cap names, though below-average volume reflected continued macro uncertainty around the Fed's upcoming July 28-29 meeting and the durability of the inflation relief.

0.0587

July 14, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF declined as a broad selloff in semiconductor and tech stocks weighed on its holdings, driven by renewed U.S.-Iran military tensions that rattled global markets and sent oil prices surging over 4-5%. The ETF's equal-weighted structure amplified its exposure to chip names like AMAT, KLAC, MRVL, and ASML — all of which faced selling pressure alongside a sharp decline in Asian semiconductor stocks, including a near-14% plunge in SK Hynix in Seoul. Investors are also bracing for a pivotal earnings week, with ASML and TSMC results due and U.S. bank earnings kicking off Q2 season, adding to uncertainty around whether the AI-driven rally has further room to run.

-1.2105

July 11, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF closed essentially flat, trading little changed as the broader market digested a mixed AI-driven session. Key holdings like Applied Materials (AMAT, 1.3% weight) rebounded sharply after the CEO signaled multi-year chip demand visibility extending to 2030, driving multiple analyst price target upgrades, while Axon Enterprise (AXON, 1.3%) and Palo Alto Networks (PANW, 1.2%) also contributed to the narrative. The equal-weight structure remains in focus following SpaceX's recent addition to the Nasdaq-100 under the Fast Entry rule, with Direxion highlighting the ETF as an alternative to concentration risk in the cap-weighted index.

0.0332

July 10, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF rose on Thursday, recovering alongside a broad tech rebound as chip stocks surged — Applied Materials gained roughly 10% and the Philadelphia semiconductor index jumped 5% — after Micron announced a $250B U.S. investment plan. The equal-weight structure proved relevant as Direxion itself highlighted the upcoming addition of SpaceX to the Nasdaq-100 as a concentration risk argument for equal-weighting, while geopolitical volatility from the U.S.-Iran exchange of strikes and a fragile ceasefire continued to cloud the macro backdrop heading into Q2 earnings season.

1.2768

July 9, 2026The Direxion NASDAQ-100 Equal Weighted Index ETF edged down slightly, closing modestly lower as a broad risk-off move swept through markets following President Trump's declaration that the U.S.-Iran ceasefire was 'over,' sending oil prices surging over 5% and pressuring equity indices. The equal-weight structure meant the ETF faced headwinds from semiconductor weakness — top holdings KLA Corp fell 6.6% and Applied Materials slid 8.4% amid AI valuation concerns — though cybersecurity names like Palo Alto Networks and Fortinet, also top holdings, offered some offset. Notably, SpaceX's recent addition to the Nasdaq-100 has reignited discussion around concentration risk in the cap-weighted index, a dynamic that highlights the potential diversification appeal of equal-weighted exposure like QQQE.

-0.2848

MarketBeat · July 17, 2026Frisch Financial Group Inc. Sells 105,191 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQEMarketBeat · July 17, 2026Independent Financial Group LLC Purchases Shares of 119,932 Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE24/7 Wall St. · May 20, 2026The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here's Why QQQ's Concentration Bet Is WinningPluang · April 13, 2026Analyst favors Direxion NASDAQ-100 Equal Weighted ETF over Invesco QQQ amid macro uncertainties
Benzinga · January 30, 2026Why Apple's Earnings Matter More For Tech ETFs Than Growth Stocks

Peers

S&P 500SPX · $7,457.69-1.01%WisdomTree U.S. High Dividend FundDHS · $116.40-0.49%WisdomTree U.S. LargeCap FundEPS · $77.81-0.97%Kovitz Core Equity ETFEQTY · $28.58-1.11%iShares MSCI Switzerland ETFEWL · $63.18+0.30%First Trust Growth Strength ETFFTGS · $37.49-1.29%Goldman Sachs MarketBeta U.S. Equity ETFGSUS · $102.67-1.02%iShares U.S. Consumer Staples ETFIYK · $74.78-0.62%Invesco Dorsey Wright Momentum ETFPDP · $135.04-0.35%Innovator U.S. Equity Power Buffer ETFPJUL · $48.72-0.47%Pacer Metaurus US Large Cap Dividend Multiplier 400 ETFQDPL · $45.21-0.92%