Hedge funds loaded up on equities ahead of sharp Friday drop

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PowerShares QQQ Trust, Series 1 (NASDAQ: QQQ) Delayed: 706.31 +1.84 (0.26%)
Previous Close $704.47    52 Week High $119.66 
Open $702.20    52 Week Low $94.84 
Day High $709.30    P/E N/A 
Day Low $701.16    EPS $0.00 
Volume 17,441,463       

S&P DEP RECEIPTS (NYSE: SPY) Delayed: 761.39 -2.57 (0.34%)
Previous Close $763.96    52 Week High $219.60 
Open $759.90    52 Week Low $181.02 
Day High $763.47    P/E N/A 
Day Low $758.68    EPS $0.00 
Volume 15,550,421