PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 51,972,554 shares, an increase of 5.3% from the October 31st total of 49,353,973 shares. Based on an average daily trading volume, of 38,389,556 shares, the days-to-cover ratio is presently 1.4 days.

PowerShares QQQ Trust Series 1 (NASDAQ:QQQ) opened at 118.80 on Friday. PowerShares QQQ Trust Series 1 has a one year low of $94.84 and a one year high of $119.66. The stock’s 50 day moving average price is $117.24 and its 200-day moving average price is $113.91.

Several large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in PowerShares QQQ Trust Series 1 by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,577,280 shares of the company’s stock worth $707,321,000 after buying an additional 118,500 shares during the last quarter. Stadion Money Management LLC increased its position in PowerShares QQQ Trust Series 1 by 2,336.3% in the third quarter. Stadion Money Management LLC now owns 3,613,621 shares of the company’s stock worth $429,009,000 after buying an additional 3,465,295 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in PowerShares QQQ Trust Series 1 during the third quarter worth about $160,785,000. Nomura Holdings Inc. increased its position in PowerShares QQQ Trust Series 1 by 286.8% in the second quarter. Nomura Holdings Inc. now owns 1,205,179 shares of the company’s stock worth $129,223,000 after buying an additional 893,565 shares during the last quarter. Finally, Svenska Handelsbanken AB publ increased its position in PowerShares QQQ Trust Series 1 by 21.4% in the third quarter. Svenska Handelsbanken AB publ now owns 1,124,225 shares of the company’s stock worth $9,564,897,000 after buying an additional 198,430 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

Separately, Vetr reiterated a “hold” rating on shares of PowerShares QQQ Trust Series 1 in a report on Wednesday, September 14th.

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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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