ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 3,504 shares, a decline of 74.8% from the October 15th total of 13,901 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 52,364 shares, the short-interest ratio is currently 0.1 days.
ProShares S&P 500 High Income ETF Stock Down 0.5%
Shares of ProShares S&P 500 High Income ETF stock opened at $47.18 on Friday. The company has a market cap of $1.14 billion, a PE ratio of 25.49 and a beta of 0.86. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.25. The business has a 50 day moving average price of $47.86 and a 200-day moving average price of $47.06.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in ProShares S&P 500 High Income ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after buying an additional 61,472 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in ProShares S&P 500 High Income ETF by 4.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after acquiring an additional 42,316 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in ProShares S&P 500 High Income ETF by 2.1% during the 1st quarter. Sanctuary Advisors LLC now owns 318,448 shares of the company’s stock worth $13,805,000 after acquiring an additional 6,528 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its holdings in ProShares S&P 500 High Income ETF by 5.6% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock worth $12,108,000 after acquiring an additional 14,856 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in ProShares S&P 500 High Income ETF during the 3rd quarter worth $9,215,000.
ProShares S&P 500 High Income ETF Company Profile
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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