ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Down 61.0% in June

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,996 shares, a drop of 61.0% from the June 15th total of 20,480 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 62,398 shares, the short-interest ratio is currently 0.1 days.

ProShares Nasdaq-100 High Income ETF Trading Up 1.0%

Shares of IQQQ traded up $0.49 during trading hours on Tuesday, reaching $49.21. 38,739 shares of the stock traded hands, compared to its average volume of 66,012. The company has a market cap of $407.46 million, a P/E ratio of 34.31 and a beta of 1.19. The company’s 50-day moving average price is $49.62 and its two-hundred day moving average price is $46.11. ProShares Nasdaq-100 High Income ETF has a 52-week low of $40.43 and a 52-week high of $51.66.

ProShares Nasdaq-100 High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were given a $0.4592 dividend. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. raised its stake in ProShares Nasdaq-100 High Income ETF by 778.5% during the 2nd quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock valued at $29,706,000 after purchasing an additional 643,640 shares during the period. Bank of America Corp DE boosted its stake in ProShares Nasdaq-100 High Income ETF by 188.7% in the 3rd quarter. Bank of America Corp DE now owns 796,205 shares of the company’s stock worth $35,073,000 after purchasing an additional 520,437 shares during the period. LPL Financial LLC boosted its stake in ProShares Nasdaq-100 High Income ETF by 37.6% in the 4th quarter. LPL Financial LLC now owns 388,743 shares of the company’s stock worth $17,291,000 after purchasing an additional 106,307 shares during the period. Farther Finance Advisors LLC bought a new position in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $4,317,000. Finally, Royal Bank of Canada grew its holdings in ProShares Nasdaq-100 High Income ETF by 163.0% during the 1st quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after buying an additional 86,794 shares in the last quarter.

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.