Large Outflow of Money Witnessed in PowerShares QQQ Trust, Series 1

PowerShares QQQ Trust, Series 1 (QQQ) managed to stay afloat and traded higher with an addition of 0.86 point or 0.69% at $125.43. The money flow data is a negative $(-40.73) million with $265.03 million in upticks and $305.76 million in downticks. The intraday up/down ratio came in at 0.87. The shares has seen -0.29% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $5.28 million and the combined worth of the downticks was $32.06, Million, leading to the up/down ratio of 0.16. The block trade saw a net money flow of $(-26.78) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) rose 0.69% or 0.86 points on Wednesday and made its way into the gainers of the day. After trading began at $125.42 the stock was seen hitting $125.68 as a peak level and $124.86 as the lowest level. The stock ended up at $125.43. The daily volume was measured at 22,861,876 shares. The 52-week high of the share price is $125.9211 and the 52-week low is $94.84. The company has a market cap of $43,198 million.

PowerShares QQQ, formerly known as QQQ or the NASDAQ- 100 Index Tracking Stock, is based on the Nasdaq-100 Index?. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The portfolio is rebalanced quarterly and reconstituted annually.


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