PowerShares S&P 500 Downside Hedged Portfolio (the fund) is an open-end management investment company. The fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the "Benchmark"). The Benchmark is comprised of up to three types of components at any given time: an equity component, represented by the S&P 500® Index; a volatility component, represented by the VIX Futures Index; and cash. As of Oct 31 2013, the Fund's total assets were $89,753,840 and the Fund's investment portfolio was valued at $84,103,379. We show 1 historical shares outstanding datapoints in our PHDG shares outstanding history coverage, used to compute PHDG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PHDG market cap history over the course of time is important for investors
interested in comparing PHDG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PHDG versus a peer is one thing; comparing
PHDG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PHDG can fluctuate over the course of history.
With this page we aim to empower investors researching PHDG by allowing them to research the PHDG market cap history. |
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Video: The Importance of Market Cap
