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QQQQ

Definition:

The ticker for the PowerShares QQQ Trust, Series 1, an ETF traded on the Nasdaq Index. Formerly the Nasdaq-100 Trust, Series 1, this trust holds all the component securities that make up the Nasdaq and issues securities called QQQ Index Tracking Stock that are designed to track the approximate performance of the Nasdaq Index.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Options Clearing Corporation (OCC)

Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts.

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