Large Outflow of Money Witnessed in PowerShares QQQ Trust Series 1

PowerShares QQQ Trust Series 1 (QQQ) : Wednesdays money flow analysis of PowerShares QQQ Trust Series 1 (QQQ) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $91.18 million. In comparison, the inflow of money on upticks was a meager $87.7 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.48 million. The uptick to downtick ratio of 0.96 in the money flow shows weakness. The uptick block trades were valued at $13.62 million. The downtick transaction value was high at $8.16 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 1.67. Hence, the net money flow in the stock was negative ($5.46 million). PowerShares QQQ Trust Series 1 (QQQ) gained $0.03 at $118.53, a change of 0.03% over the previous days close.


Shares of PowerShares QQQ ETF rose by 0.47% in the last five trading days and 1.76% for the last 4 weeks. PowerShares QQQ ETF is up 11.93% in the last 3-month period. Year-to-Date the stock performance stands at 6.98%.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): The stock opened at $118.62 and touched an intraday high of $118.77 on Wednesday. During the day, the stock corrected to an intraday low of $118.09, however, the bulls stepped in and pushed the price higher to close in the green at $118.7 with a gain of 0.17% for the day. The total traded volume for the day was 14,787,078. The stock had closed at $118.5 in the previous trading session.

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trusts 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. Invesco PowerShares Capital Management, LLC is the Sponsor of the Trust and The Bank of New York Mellon is the Trustee.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.