Asset Class: Mid Cap
ETF Structure: Open-End Fund
PowerShares Dyn MagniQuant (PIQ) ETF Snapshot
The PowerShares Dynamic MagniQuant Portfolio (Fund) is based on the Dynamic Magniquant Intellidex Index. The Index is designed to objectively identify 200 stocks that have the greatest potential for capital appreciation. Intellidex® methodology thoroughly evaluates the investment merit of the 2,000 largest U.S. companies by analyzing numerous unique financial characteristics from four broad financial perspectives: fundamental, valuation, timeliness and risk.
* Trading Characteristics Definitions Spread : The average dollar difference between the best bid and best offer across all exchanges for the specified time period, weighted by volume. *Spread : Is the monthly average of the daily spread. % Spread : The average spread amount divided by the average bid-ask midpoint, weighted by volume. Share Volume : Composite Volume - total number of shares traded on all exchanges and Nasdaq. Dollar Volume : Dollar amount of shares traded on each exchange for the specified symbol, based on the stocks average price for the time period specified.