Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Expands By 80.6%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 14,444 shares, a growth of 80.6% from the June 30th total of 7,996 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 57,028 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Nasdaq-100 High Income ETF Stock Performance

NASDAQ IQQQ traded up $0.34 on Friday, reaching $47.18. 48,860 shares of the company’s stock traded hands, compared to its average volume of 63,918. The firm has a market cap of $394.90 million, a price-to-earnings ratio of 34.31 and a beta of 1.19. The stock has a 50 day moving average price of $49.23 and a 200-day moving average price of $46.34. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $40.43 and a fifty-two week high of $51.66.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were issued a $0.4592 dividend. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of ProShares Nasdaq-100 High Income ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in ProShares Nasdaq-100 High Income ETF by 441.3% in the second quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after acquiring an additional 534 shares during the period. Aptus Capital Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter worth approximately $82,000. Cornerstone Wealth Management LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at approximately $200,000. Kestra Advisory Services LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at approximately $233,000. Finally, Private Trust Co. NA increased its holdings in shares of ProShares Nasdaq-100 High Income ETF by 231.6% during the 4th quarter. Private Trust Co. NA now owns 5,727 shares of the company’s stock valued at $255,000 after purchasing an additional 4,000 shares in the last quarter.

About ProShares Nasdaq-100 High Income ETF

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.