PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 53,034,974 shares, a drop of 4.3% from the October 31st total of 55,429,055 shares. Currently, 14.0% of the shares of the stock are short sold. Based on an average daily volume of 25,441,856 shares, the short-interest ratio is currently 2.1 days.

Several hedge funds and other institutional investors have recently bought and sold shares of QQQ. Neville Rodie & Shaw Inc. raised its holdings in shares of PowerShares QQQ Trust, Series 1 by 32.8% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 42,979 shares of the exchange traded fund’s stock worth $5,916,000 after acquiring an additional 10,605 shares during the period. First Command Bank raised its holdings in PowerShares QQQ Trust, Series 1 by 31.5% in the 2nd quarter. First Command Bank now owns 1,776 shares of the exchange traded fund’s stock valued at $245,000 after buying an additional 425 shares during the period. BKD Wealth Advisors LLC raised its holdings in PowerShares QQQ Trust, Series 1 by 17.0% in the 2nd quarter. BKD Wealth Advisors LLC now owns 2,379 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 346 shares during the period. Charter Trust Co. raised its holdings in PowerShares QQQ Trust, Series 1 by 100.4% in the 2nd quarter. Charter Trust Co. now owns 4,353 shares of the exchange traded fund’s stock valued at $600,000 after buying an additional 2,181 shares during the period. Finally, Cumberland Advisors Inc. raised its holdings in PowerShares QQQ Trust, Series 1 by 53.3% in the 2nd quarter. Cumberland Advisors Inc. now owns 108,760 shares of the exchange traded fund’s stock valued at $14,970,000 after buying an additional 37,800 shares during the period. Institutional investors and hedge funds own 53.80% of the company’s stock.

PowerShares QQQ Trust, Series 1 (QQQ) opened at $156.19 on Tuesday. PowerShares QQQ Trust, Series 1 has a fifty-two week low of $115.22 and a fifty-two week high of $156.56.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Tuesday, September 19th were issued a dividend of $0.3194 per share. The ex-dividend date was Monday, September 18th. This represents a $1.28 annualized dividend and a dividend yield of 0.82%.

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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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