Dallas, Texas 08/01/2013 (Financialstrend) – PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is a division investment trust dispense securities called PowerShares QQQ index trading share. It helps to follow the price and yield performance of the constituent stocks. The Federal Reserve planned to close its $85 billion a month bond exchange program by the middle of next year. Investors make use of technical indicators to capture winning trades. The QQQ dependence holds NASDAQ 100 index securities. The trustee is the bank of New York Mellon & the sponsor, Invesco PowerShares Capital Management, LLC. Analysts state that the trading level on high days is lower than that of the down days.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) trust tracks 3 benchmarked shares indices in the U.S. The return on average equity of the trust is 28.12% and the return on average assets accounts for 26.34%. The operating margin was 83.30% for the year 2012. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) had reached oversold zone in the marketplace since the year 2000. Total option volume is back to average as 5.7 million contracts have altered hands so far, with mixed response in the top indexes and ETFs, as per the option Monster data systems, PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ) has volume of 223,000 with calls outpacing puts by 2 to 1.
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) had presented gains of 0.19% with the trading on Thursday and had thereby closed at $75.77 per share. While the stock opened at $75.77 per share, there had been fluctuations in the intraday prices ranging between $75.63 and $76.21 per share during the day. The 52 week low price for the stock is presently at $61.31 and 52 week high price is at $76.21 per share. There are a total 472.75 million shares in the market valuing to a market cap of $35.82 billion. The stock witnessed around 25.01 million shares being exchanged hands on Thursday while the average level of trading is at 29.44 million shares a day.