PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) was the target of a large growth in short interest in July. As of July 14th, there was short interest totalling 64,098,411 shares, a growth of 5.3% from the June 30th total of 60,890,146 shares. Based on an average daily volume of 35,432,214 shares, the days-to-cover ratio is currently 1.8 days.

Separately, Vetr raised shares of PowerShares QQQ Trust, Series 1 from a “strong sell” rating to a “hold” rating and set a $139.96 target price on the stock in a report on Tuesday, May 23rd.

Several large investors have recently made changes to their positions in QQQ. Morgan Stanley increased its stake in shares of PowerShares QQQ Trust, Series 1 by 17.6% in the first quarter. Morgan Stanley now owns 12,542,999 shares of the exchange traded fund’s stock worth $1,660,443,000 after buying an additional 1,874,344 shares during the last quarter. CHURCHILL MANAGEMENT Corp increased its stake in shares of PowerShares QQQ Trust, Series 1 by 3.9% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 3,518,865 shares of the exchange traded fund’s stock worth $484,337,000 after buying an additional 130,587 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of PowerShares QQQ Trust, Series 1 by 5.2% in the first quarter. Ameriprise Financial Inc. now owns 1,413,920 shares of the exchange traded fund’s stock worth $186,652,000 after buying an additional 69,876 shares during the last quarter. US Bancorp DE increased its stake in shares of PowerShares QQQ Trust, Series 1 by 11.7% in the second quarter. US Bancorp DE now owns 1,242,292 shares of the exchange traded fund’s stock worth $170,990,000 after buying an additional 130,266 shares during the last quarter. Finally, Quantitative Investment Management LLC increased its stake in shares of PowerShares QQQ Trust, Series 1 by 148.0% in the first quarter. Quantitative Investment Management LLC now owns 1,173,500 shares of the exchange traded fund’s stock worth $155,347,000 after buying an additional 700,400 shares during the last quarter. 35.12% of the stock is currently owned by hedge funds and other institutional investors.

PowerShares QQQ Trust, Series 1 (NASDAQ QQQ) opened at 144.87 on Thursday. PowerShares QQQ Trust, Series 1 has a 12-month low of $112.91 and a 12-month high of $144.95. The firm has a 50-day moving average of $140.41 and a 200 day moving average of $133.35.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Tuesday, June 20th will be issued a $0.3784 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from PowerShares QQQ Trust, Series 1’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, June 16th.

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About PowerShares QQQ Trust, Series 1

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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