PowerShares Dynamic Energy Exploration & Production Portfolio (the Fund) is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Energy Exploration & Production Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index. As of Apr 30 2013, the Fund's total assets were $106,087,484 and the Fund's investment portfolio was valued at $104,575,815. We show 1 historical shares outstanding datapoints in our PXE shares outstanding history coverage, used to compute PXE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PXE market cap history over the course of time is important for investors
interested in comparing PXE'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 PXE versus a peer is one thing; comparing
PXE 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 PXE can fluctuate over the course of history.
With this page we aim to empower investors researching PXE by allowing them to research the PXE market cap history. |
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Video: The Importance of Market Cap
