Large Outflow of Money Witnessed in PowerShares QQQ Trust Series 1

PowerShares QQQ Trust Series 1 (QQQ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.3 million) in PowerShares QQQ Trust Series 1 (QQQ). On Friday, The value of composite uptick trades was $135.26 million, whereas, the value of composite downtick trades was $141.57 million and the ratio between the two was 0.96, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $16.84 million. $4.43 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.26. The negative money flow of ($12.41 million) shows selling on strength. PowerShares QQQ Trust Series 1 (QQQ) gained $0.44 intraday at $113.62 and registrered 0.39% for the week.


PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): stock turned positive on Friday. Though the stock opened at $113.28, the bulls momentum made the stock top out at $113.78 level for the day. The stock recorded a low of $112.911 and closed the trading day at $113.65, in the green by 0.42%. The total traded volume for the day was 20,003,363. The stock had closed at $113.18 in the previous days trading.

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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