NASDAQ’s ETF PowerShares QQQ dropped 5% on August 18 in a market rout, ETF Trends reports. The highly traded technology ETF is indexed to the Nasdaq-100. On August 17, the Nasdaq-100 ETF closed at $53.58 and is slightly negative for 2011. The PowerShares QQQ ETF recently dropped 16%.

Click here for the story from ETF Trends.