PowerShares QQQ Trust, Series 1 (QQQ) Short Interest Update

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) was the recipient of a significant drop in short interest in December. As of December 29th, there was short interest totalling 57,921,882 shares, a drop of 9.7% from the December 15th total of 64,157,695 shares. Based on an average daily trading volume, of 27,335,322 shares, the short-interest ratio is presently 2.1 days. Currently, 15.4% of the company’s stock are sold short.

Several institutional investors have recently added to or reduced their stakes in QQQ. Schwab Charles Investment Management Inc. lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 82.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,287 shares of the exchange traded fund’s stock valued at $591,000 after buying an additional 1,937 shares in the last quarter. Eaton Vance Management lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 6.4% in the second quarter. Eaton Vance Management now owns 5,823 shares of the exchange traded fund’s stock valued at $801,000 after buying an additional 350 shares in the last quarter. AXA bought a new position in shares of PowerShares QQQ Trust, Series 1 in the second quarter valued at $1,703,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of PowerShares QQQ Trust, Series 1 by 0.8% in the second quarter. Nations Financial Group Inc. IA ADV now owns 40,912 shares of the exchange traded fund’s stock valued at $5,631,000 after buying an additional 312 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 6.9% in the second quarter. Regal Investment Advisors LLC now owns 23,404 shares of the exchange traded fund’s stock valued at $3,221,000 after purchasing an additional 1,514 shares during the last quarter. 39.36% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $164.49 on Friday. PowerShares QQQ Trust, Series 1 has a 12 month low of $121.60 and a 12 month high of $164.66.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were paid a $0.3294 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, December 18th.

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PowerShares QQQ Trust, Series 1 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. 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.

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