PowerShares QQQ Trust, Series 1 (QQQ) Short Interest Update

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) saw a significant decrease in short interest during the month of December. As of December 29th, there was short interest totalling 57,921,882 shares, a decrease of 9.7% from the December 15th total of 64,157,695 shares. Based on an average daily volume of 27,335,322 shares, the short-interest ratio is currently 2.1 days. Approximately 15.4% of the company’s stock are sold short.

Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at $164.49 on Friday. PowerShares QQQ Trust, Series 1 has a 1-year low of $121.60 and a 1-year high of $164.66.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were issued a $0.3294 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $1.32 annualized dividend and a dividend yield of 0.80%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.32.

Several hedge funds have recently made changes to their positions in QQQ. Mizuho Bank Ltd. purchased a new stake in PowerShares QQQ Trust, Series 1 during the third quarter worth about $145,450,000. ING Groep NV increased its holdings in PowerShares QQQ Trust, Series 1 by 1,328.0% during the third quarter. ING Groep NV now owns 516,407 shares of the exchange traded fund’s stock worth $75,111,000 after buying an additional 480,243 shares during the last quarter. Sun Life Financial INC increased its holdings in PowerShares QQQ Trust, Series 1 by 641.0% during the second quarter. Sun Life Financial INC now owns 308,800 shares of the exchange traded fund’s stock worth $42,503,000 after buying an additional 267,127 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in PowerShares QQQ Trust, Series 1 by 12.8% during the second quarter. Ameriprise Financial Inc. now owns 1,594,763 shares of the exchange traded fund’s stock worth $219,641,000 after buying an additional 180,843 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in PowerShares QQQ Trust, Series 1 during the second quarter worth about $22,806,000. Institutional investors own 39.36% of the company’s stock.

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PowerShares QQQ Trust, Series 1 Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s 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.

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