PowerShares QQQ Trust Series 1 (QQQ) : The value of composite uptick trades was $69.6 million, whereas, the value of composite downtick trades was $71.52 million. The uptick to downtick ratio stood at 0.97 with a negative money flow of ($1.92) Million during Wednesdays trading session. The block trades money flow was negative ($7.13 million).The uptick to the downtick ratio of 0.15 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.25 million. The transaction of the trades on downticks amounted to $8.38 million, which confirms investors selling on the strength of price. PowerShares QQQ Trust Series 1 (QQQ) gained 126 cents at $113.39, an increase of 1.12% over the previous days close.
PowerShares QQQ Trust Series 1 (NASDAQ:QQQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $112.75 and $112.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $113.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $113.44, notching a gain of 1.17% for the day. The total traded volume was 24,997,929 . The stock had closed at $112.13 on the previous day.
The stock has recorded a 20-day Moving Average of 4.4% and the 50-Day Moving Average is 4.91%.
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.