ProShares S&P 500 High Income ETF (BATS:ISPY) Shares Shorted: Short Interest Up 327.2% in October

ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 13,901 shares, a growth of 327.2% from the September 30th total of 3,254 shares. Based on an average daily trading volume, of 68,671 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On ProShares S&P 500 High Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chelsea Counsel Co. grew its position in ProShares S&P 500 High Income ETF by 71.4% during the 1st quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Western Wealth Management LLC acquired a new stake in ProShares S&P 500 High Income ETF during the 1st quarter valued at $57,000. IFP Advisors Inc raised its stake in ProShares S&P 500 High Income ETF by 10.8% during the 3rd quarter. IFP Advisors Inc now owns 2,743 shares of the company’s stock valued at $131,000 after purchasing an additional 267 shares during the period. Fifth Third Bancorp acquired a new stake in ProShares S&P 500 High Income ETF during the 1st quarter valued at $210,000. Finally, Maia Wealth LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 28.5% in the third quarter. Maia Wealth LLC now owns 6,800 shares of the company’s stock valued at $325,000 after purchasing an additional 1,507 shares in the last quarter.

ProShares S&P 500 High Income ETF Price Performance

ProShares S&P 500 High Income ETF stock opened at $48.08 on Wednesday. ProShares S&P 500 High Income ETF has a fifty-two week low of $42.10 and a fifty-two week high of $49.25. The firm’s 50 day simple moving average is $48.16 and its 200-day simple moving average is $47.00. The company has a market cap of $976.99 million, a P/E ratio of 25.81 and a beta of 0.87.

ProShares S&P 500 High Income ETF Company Profile

(Get Free Report)

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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