Although QQQE is not as heavily traded as QQQ (few ETFs are), the former is sufficiently liquid and rarely subjects investors to wide premiums or discounts to its net asset value (NAV). Year-to-date, there have been 25 days where QQQE has closed at a premium of no more than 0.249% to its NAV, according to Direxion data. Overall, there have been just 99 days dating back to the third quarter of 2014 where the ETF has closed at a premium to its NAV and most of those premiums have been less than a quarter of a percent.

Investors have added $25.7 million to QQQE this year and the ETF recently won a five-star rating from Morningstar.

Direxion NASDAQ-100 Equal Weighted Index Shares

Tom Lydon’s clients own shares of Apple and QQQ.