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

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 52,904 shares, a growth of 19.5% from the February 12th total of 44,288 shares. Based on an average daily volume of 52,513 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 52,513 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% during the second quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after purchasing an additional 534 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter worth about $82,000. Brown Lisle Cummings Inc. acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth approximately $104,000. SBI Securities Co. Ltd. increased its stake in shares of ProShares Nasdaq-100 High Income ETF by 239.8% during the second quarter. SBI Securities Co. Ltd. now owns 2,467 shares of the company’s stock valued at $101,000 after acquiring an additional 1,741 shares during the period. Finally, Ulland Investment Advisors LLC raised its holdings in ProShares Nasdaq-100 High Income ETF by 800.0% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,150 shares of the company’s stock worth $140,000 after purchasing an additional 2,800 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Stock Up 1.2%

IQQQ stock traded up $0.52 during mid-day trading on Monday, reaching $43.53. The company had a trading volume of 57,319 shares, compared to its average volume of 73,190. The stock’s 50-day simple moving average is $44.38 and its two-hundred day simple moving average is $44.32. The stock has a market capitalization of $346.93 million, a P/E ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a one year low of $33.00 and a one year high of $46.72.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.2033 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.6%.

About ProShares Nasdaq-100 High Income ETF

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.