ProShares S&P 500 High Income ETF (BATS:ISPY) Short Interest Update

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 10,223 shares, a growth of 1,169.9% from the July 30th total of 805 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 70,005 shares, the days-to-cover ratio is presently 0.1 days.

ProShares S&P 500 High Income ETF Trading Up 0.0%

ISPY stock opened at $48.39 on Thursday. The firm’s 50-day moving average is $48.08 and its two-hundred day moving average is $46.76. The company has a market capitalization of $983.28 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.25.

Institutional Trading of ProShares S&P 500 High Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ISPY. Hennion & Walsh Asset Management Inc. grew its holdings in ProShares S&P 500 High Income ETF by 4.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after acquiring an additional 42,316 shares during the period. Pine Valley Investments Ltd Liability Co raised its holdings in shares of ProShares S&P 500 High Income ETF by 5.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock worth $12,108,000 after purchasing an additional 14,856 shares in the last quarter. Chelsea Counsel Co. lifted its stake in ProShares S&P 500 High Income ETF by 71.4% during the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC lifted its stake in ProShares S&P 500 High Income ETF by 1.5% during the first quarter. NewEdge Advisors LLC now owns 15,894 shares of the company’s stock valued at $689,000 after purchasing an additional 228 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in ProShares S&P 500 High Income ETF during the first quarter worth approximately $57,000.

ProShares S&P 500 High Income ETF Company Profile

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.