November 24, 2016 - By Marguerite Chambers · 0 Comments
Nov 24 is a positive day so far for Global X NASDAQ China Technology ETF (NASDAQ:QQQC) as the ETF is active during the day after gaining 0.39% to hit $22.87 per share. The exchange traded fund has 13.67M net assets and 0.95% volatility this month.
Over the course of the day 590 shares traded hands, as compared to an average volume of 2,150 over the last 30 days for Global X NASDAQ China Technology ETF (NASDAQ:QQQC).
The ETF is -10.02% of its 52-Week High and 22.36% of its low, and is currently having ATR of 0.43. This year’s performance is -3.64% while this quarter’s performance is -3.12%.
The ETF’s YTD performance is 1.57%, the 1 year is 7.1% and the 3 year is 4.38%.
The ETF’s average P/E ratio is 18.53, the price to book is 1.72, the price to sales is 0.51 and the price to cashflow is 7.65. It was started on 1/22/2010. The fund’s top holdings are: NetEase Inc. – American Deposi for 9.67% of assets, Baidu Inc. – American Deposita for 8.25%, TENCENT HLDGS LTD HKD0.00002 for 8.14%, LENOVO GROUP LTD NPV for 7.60%, Sina Corporation – Ordinary Sha for 7.52%, SEMICONDUCTOR MFG USD0.0004 for 4.41%, ASM PACIFIC TECH HKD0.10 for 4.37%, TRAVELSKY TECHNOLO ‘H’CNY1 for 3.92%, Vtech Hldgs for 3.91%, Weibo Corporation – American De for 3.84%. The ETF sector weights are: Consumer Cyclical 1.58%, Communication Services 5.39%, Industrials 0.20%, Technology 92.82%. The ETF currently as 0.63% yield.
More notable recent Global X China Technology ETF (NASDAQ:QQQC) news were published by: Benzinga.com which released: “Chinese Technology ETFs Outperform” on January 09, 2014, also Seekingalpha.com with their article: “How To Short China With ETFs” published on April 15, 2012, Prnewswire.com published: “Global X Funds to Liquidate China Bond ETF” on April 04, 2016. More interesting news about Global X China Technology ETF (NASDAQ:QQQC) were released by: Bloomberg.com and their article: “China Tech ETFs Stand Out as Xi Bolsters Internet Amid Slowdown” published on November 18, 2015 as well as Nasdaq.com‘s news article titled: “Top Tech ETFs of 2015:The Best from a Winner” with publication date: December 28, 2015.
Global X NASDAQ China Technology ETF , formerly Global X China Technology ETF, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ OMX China Technology Index. The ETF has a market cap of $13.67 million. The NASDAQ OMX China Technology Index is designed to track the performance of the technology sector in China. It currently has negative earnings. It is made up of securities of companies which have their business in the technology sector and generally includes companies whose businesses involve: computer services; Internet; software; computer hardware; electronic office equipment; semiconductors, and telecommunications equipment.
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By Marguerite Chambers