PowerShares NASDAQ Internet Portfolio is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the NASDAQ Internet Index (the "Index"). The Index is designed to track the performance of United States-listed companies engaged in Internet-related businesses and that are listed on one of the United States stock exchanges. As of Apr 30 2013, the Fund's total assets were $66,902,810 and the Fund's investment portfolio was valued at $66,900,176. We show 1 historical shares outstanding datapoints in our PNQI shares outstanding history coverage, used to compute PNQI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PNQI market cap history over the course of time is important for investors
interested in comparing PNQI'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 PNQI versus a peer is one thing; comparing
PNQI 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 PNQI can fluctuate over the course of history.
With this page we aim to empower investors researching PNQI by allowing them to research the PNQI market cap history. |
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Video: The Importance of Market Cap
