ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Trading Up 0.7% – Here’s What Happened

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) rose 0.7% during mid-day trading on Thursday . The company traded as high as $45.02 and last traded at $44.93. Approximately 91,234 shares traded hands during trading, an increase of 27% from the average daily volume of 71,688 shares. The stock had previously closed at $44.62.

ProShares Nasdaq-100 High Income ETF Price Performance

The business has a fifty day moving average of $44.67 and a 200 day moving average of $43.66. The stock has a market cap of $357.80 million, a PE ratio of 34.31 and a beta of 1.09.

Institutional Trading of ProShares Nasdaq-100 High Income ETF

Hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the second quarter worth about $372,000. Concurrent Investment Advisors LLC bought a new stake in ProShares Nasdaq-100 High Income ETF in the second quarter valued at about $204,000. Osaic Holdings Inc. raised its stake in ProShares Nasdaq-100 High Income ETF by 4,043.2% during the second quarter. Osaic Holdings Inc. now owns 39,195 shares of the company’s stock valued at $1,603,000 after buying an additional 38,249 shares in the last quarter. PFG Investments LLC lifted its holdings in ProShares Nasdaq-100 High Income ETF by 13.0% during the 2nd quarter. PFG Investments LLC now owns 68,630 shares of the company’s stock worth $2,807,000 after buying an additional 7,887 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new position in shares of ProShares Nasdaq-100 High Income ETF in the 2nd quarter worth approximately $137,000.

ProShares Nasdaq-100 High Income ETF Company Profile

The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.