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PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), A drop of 298,422 shares or 0.8% was seen in the short interest of PowerShares QQQ Trust, Series 1. Even as the interest dropped from 37,489,970 shares on January 15,2015 to 37,191,548 shares on January 30,2015. the days to cover came in at 1. The updated interest stood at 10.2% of the stocks floats. The counter has an average daily volume of 38,102,892 shares.

QQQ witnessed volatile trading session. Bulls led the way in the counter of PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) which ended 1.56% or 1.6 points higher. During the day, every dip till $103.21 was used to accumulate the stock which last traded at $104.4. The close is near the highest level of the day, i.e. $104.54 and this is a sign of strong upward momentum. The volume was seen at 23,684,735 shares. The counter had ended the previous session at $102.8. The 52-week high of the shares is $106.245 and the 52-week low is $83.28. The company has 367,350,000 outstanding shares and the market cap stands at $38,351 million .

Shares of PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) rose by 2.01% in the past week and 0.5% for the past 4 weeks. The shares are however, marginally negative as compared to the S&P 500 for the past week with a loss of 0.99%. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has underperformed the index by 0.02% in the past 4 weeks. Investors should watch out for further signals and trade with caution.

PowerShares QQQ Trust, Series 1 (the Trust) is a unit investment trust and an exchange-traded fund (ETF) that issues PowerShares QQQ Index Tracking Stock (PowerShares QQQ Shares). PowerShares QQQ Shares represents undivided ownership interests in the portfolio of stocks held by the Trust. The Trust was created to provide investors with the opportunity to purchase units of beneficial interests in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of all of the securities as the components securities of the NASDAQ-100 Index. The Trusts investment objective is to provide investment results that correspond to the price and yield performance of the Index ( Index Securities ). Its trustee and sponsor are The Bank of New York Mellon and Invesco PowerShares Capital Management LLC .

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