PowerShares S&P Small Cap Energy Portfolio is an open-end management investment company. The Fund seeks investment results that generally correspond to the price and yield of the S&P SmallCap 600® Capped Energy Index. The fund generally invests at least 90% of its total assets in common stocks of small capitalization U.S. energy companies that comprise the underlying index. These companies are engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services and pipelines. As of Oct 31 2013, the Fund's total assets were $48,290,078 and its investment portfolio was valued at $48,290,078. We show 1 historical shares outstanding datapoints in our SOXQ shares outstanding history coverage, used to compute SOXQ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SOXQ market cap history over the course of time is important for investors
interested in comparing SOXQ'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 SOXQ versus a peer is one thing; comparing
SOXQ 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 SOXQ can fluctuate over the course of history.
With this page we aim to empower investors researching SOXQ by allowing them to research the SOXQ market cap history. |
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Video: The Importance of Market Cap
