Large Outflow of Money Witnessed in PowerShares QQQ Trust Series 1

PowerShares QQQ Trust Series 1 (QQQ) : The total money flow in PowerShares QQQ Trust Series 1 (QQQ) was negative ($17.25 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $211.02 million. In comparison, the inflow of money into the stock on upticks was $193.77 million. The uptick to downtick ratio was 0.92. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $15.49 million. The value of transactions on uptick was $7.79 million. The negative money flow of ($7.7 million) confirms the selling in PowerShares QQQ Trust Series 1 (QQQ) on strength. The uptick to downtick ratio of block trades was 0.5. PowerShares QQQ Trust Series 1 (QQQ) gained $0.38 at $117.12, a gain of 0.33% over the previous days close. However, the stock registered 0.29% in the week.


Institutional Investors own 30.03% of PowerShares QQQ Trust Series 1 shares.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): The stock opened at $117.32 and touched an intraday high of $117.56 on Friday. During the day, the stock corrected to an intraday low of $116.68, however, the bulls stepped in and pushed the price higher to close in the green at $117.12 with a gain of 0.33% for the day. The total traded volume for the day was 18,088,215. The stock had closed at $116.74 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 0.42% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.29% in the last 1 week, and is up 0.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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 *