Powershares QQQ ETF (NASDAQ:QQQ).
Appaloosa LP says it decreased its ownership in Powershares QQQ ETF stock by 21.2% in the quarter ending 09/30/2017. Its stake was worth $207,994,000 a decrease of 16.8% according to the filing.
The following firms have recently changed their position in QQQ. As of quarter end Harvard Management Co Inc had disposed of a total of 111 shares trimming its position 0.3%. The value of the investment in QQQ increased from $4,987,000 to $5,254,000 increasing 5.4% quarter over quarter. As of the end of the quarter Baird Financial Group, Inc. had bought 9,176 shares growing its holdings by 6.8%. The value of the company’s investment in Powershares QQQ ETF went from $18,500,000 to $20,885,000 a change of $2,385,000 for the reporting period.
As of the end of the quarter Raymond James & Associates had acquired 23,363 shares growing its stake by 2.6%. The value of the investment in Powershares QQQ ETF went from $124,458,000 to $134,919,000 a change of 8.4% since the last quarter.
The company is trading down from yesterday’s close of 153.31. The most current P/E ratio is N/A and market cap is 58.69B. Investors are feeling more bearish on shares of Powershares QQQ ETF lately as evidenced by the rise in short interest. The company saw a rise in short interest of 3.01% as of the latest report on October 13, 2017. Short shares grew 1,664,101 over that period. Days to cover increased from 2.0 to 3.0 and the short interest percentage is 0.15% as of October 13.