ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report) shares dropped 1.3% on Friday. The stock traded as low as $47.53 and last traded at $47.63. Approximately 51,293 shares were traded during trading, a decline of 52% from the average session volume of 107,493 shares. The stock had previously closed at $48.24.
ProShares S&P 500 High Income ETF Trading Down 1.3%
The firm has a market capitalization of $967.84 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The stock has a fifty day moving average of $48.29 and a 200-day moving average of $47.58.
Hedge Funds Weigh In On ProShares S&P 500 High Income ETF
A number of hedge funds and other institutional investors have recently modified their holdings of ISPY. IFP Advisors Inc increased its position in shares of ProShares S&P 500 High Income ETF by 10.8% in the third quarter. IFP Advisors Inc now owns 2,743 shares of the company’s stock worth $131,000 after acquiring an additional 267 shares in the last quarter. BOS Asset Management LLC lifted its position in shares of ProShares S&P 500 High Income ETF by 5.4% in the 3rd quarter. BOS Asset Management LLC now owns 15,071 shares of the company’s stock valued at $720,000 after acquiring an additional 776 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of ProShares S&P 500 High Income ETF by 1.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 52,489 shares of the company’s stock valued at $2,529,000 after acquiring an additional 977 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in ProShares S&P 500 High Income ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after purchasing an additional 42,316 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in 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 during the period.
About ProShares S&P 500 High Income ETF
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.
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