ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.19 and last traded at $49.17, with a volume of 6467 shares. The stock had previously closed at $48.80.
ProShares S&P 500 High Income ETF Stock Performance
The company’s 50 day moving average price is $47.93 and its 200 day moving average price is $46.60. The company has a market cap of $997.92 million, a price-to-earnings ratio of 25.81 and a beta of 0.87.
Hedge Funds Weigh In On ProShares S&P 500 High Income ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in ProShares S&P 500 High Income ETF during the fourth quarter worth about $27,000. Chelsea Counsel Co. raised its stake in shares of ProShares S&P 500 High Income ETF by 71.4% in the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new position in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at approximately $34,000. Huntington National Bank acquired a new position in shares of ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $34,000. Finally, Mark Sheptoff Financial Planning LLC boosted its holdings in shares of ProShares S&P 500 High Income ETF by 74.8% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 783 shares of the company’s stock worth $36,000 after acquiring an additional 335 shares in the last quarter.
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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