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home / news releases / QQQ - BIT: Recent Increase In Return Of Capital Does Not Look Like A Prosperous Step Into 2021

QQQ - BIT: Recent Increase In Return Of Capital Does Not Look Like A Prosperous Step Into 2021

PowerShares QQQ Trust Ser 1
  • The COVID-19 pandemic has created a lot of uncertainties surrounding the fair market valuation of level 3 type of assets.
  • BIT has announced that it will allocate 65% of the monthly distribution in January 2021 as a return of capital.
  • The worsening of the global pandemic with the new dangerous strains of COVID-19 represents a major risk in the first half of 2021.

For further details see:

BIT: Recent Increase In Return Of Capital Does Not Look Like A Prosperous Step Into 2021
Stock Information
Company Name: PowerShares QQQ Trust Ser 1
Stock Symbol: QQQ
Market: NASDAQ
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