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Investors Find an Easy Way to Trade Nasdaq 100’s ‘Special Rebalance’

From bnnbloomberg.ca

Wall Street is finding ways to trade the “special rebalance” of the Nasdaq 100 as the overconcentration of megacap firms breach an upper limit in the tech-heavy gauge. They’re investing in QQQE. The Direxion NASDAQ-100 Equal Weighted Index Shares saw investors drive $216.3 million into the fund in the latest session for which data is available, the biggest one-day increase since its inception in 2011, data compiled by Bloomberg show. The influx pushed QQQE’s assets higher by 27% to double to $1.01 billion, the highest level ever. “With big tech stocks up so much this year, QQQE saw big inflows possibly on a leg down ... (full story)

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