Shares of PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) Sees Large Outflow of Money

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) had an volatile session and gained 0.34 points till last call. The price was at $107.5, gaining 0.32% till the last intraday data. The total uptick value was $209.02 million while the total downtick value was $229.89 million. The shares saw a net money flow of $(-20.88) million and the up/down ratio stood at 0.91. The stock has seen a change of of 0.95% for the week. The share had a block transaction during the course of trading in which the net money flow was $(13.12) million. Almost $26.45 million were received in upticks and approximately $13.33 million were lost in downticks, thereby giving the up/down ratio of 1.98.


The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 0.38%.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $107.33 and $107.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $107.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $107.50, notching a gain of 0.32% for the day. The total traded volume was 22,804,112 . The stock had closed at $107.16 on the previous day.

Institutional Investors own 40.55% of PowerShares QQQ Trust Series 1 shares.

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.

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