PowerShares QQQ Trust, Series 1 (ETF) Short Interest Up 7.2% in August (QQQ)
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 76,135,554 shares, an increase of 7.2% from the July 31st total of 71,000,938 shares, Stock Ratings Network reports. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,017,633 shares, the days-to-cover ratio is presently 2.0 days.
Shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) opened at 99.41 on Friday. PowerShares QQQ Trust, Series 1 has a 52 week low of $75.20 and a 52 week high of $99.68. The stock has a 50-day moving average of $96.57 and a 200-day moving average of $91.47.
PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) is a unit investment trust that issues securities called PowerShares QQQ Index Tracking Stock.
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