Noteworthy Short Interest Filing: Powershares QQQ (NASDAQ:QQQ) on Focus After Report of More Shorts

November 23, 2016 - By Peter Erickson   ·   0 Comments

Noteworthy Short Interest Filing: Powershares QQQ (NASDAQ:QQQ) on Focus After Report of More Shorts

The stock of Powershares QQQ (NASDAQ:QQQ) registered an increase of 2.72% in short interest. QQQ’s total short interest was 49.35M shares in November as published by FINRA. Its up 2.72% from 48.05M shares, reported previously. With 19.52 million shares average volume, it will take short sellers 3 days to cover their QQQ’s short positions. About 9.51M shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 7.46% since April 21, 2016 and is uptrending. It has outperformed by 2.13% the S&P500.

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The ETF has a market cap of $40.77 billion. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. It currently has negative earnings. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

QQQ Company Profile

PowerShares QQQ Trust Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index.

More important recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: Bloomberg.com which released: “How to Play the Powershares QQQ Trust Series 1 ETF” on May 31, 2016, also Investorplace.com published article titled: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy”, Investorplace.com published: “PowerShares QQQ Trust, Series 1 (ETF) (QQQ) Is on the Verge of Breaking Out” on October 24, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) was released by: Etfdailynews.com and their article: “Nasdaq’s Post-Trump Recovery Continues, Helped By Apple’s Gains” with publication date: November 17, 2016.

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By Peter Erickson


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