ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Update

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 27,473 shares, an increase of 216.1% from the August 15th total of 8,692 shares. Based on an average daily trading volume, of 43,036 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

ProShares Nasdaq-100 High Income ETF Stock Up 0.8%

IQQQ stock traded up $0.40 during midday trading on Friday, hitting $48.04. The company’s stock had a trading volume of 24,740 shares, compared to its average volume of 60,127. ProShares Nasdaq-100 High Income ETF has a 52-week low of $40.43 and a 52-week high of $51.66. The firm has a market capitalization of $402.09 million, a P/E ratio of 34.31 and a beta of 1.22. The firm has a 50-day simple moving average of $48.17 and a 200-day simple moving average of $47.13.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st were paid a $0.2296 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, September 1st.

Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF

Several large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% in the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after buying an additional 534 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth approximately $82,000. Cornerstone Wealth Management LLC purchased a new stake in shares of ProShares Nasdaq-100 High Income ETF during the fourth quarter worth approximately $200,000. Kestra Advisory Services LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at approximately $233,000. Finally, Meridian Wealth Management LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at approximately $262,000.

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.