ProShares S&P 500 High Income ETF (BATS:ISPY) Sees Large Drop in Short Interest

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 648 shares, a decline of 96.9% from the June 30th total of 21,004 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 97,789 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On ProShares S&P 500 High Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Investment Advisors LLC boosted its stake in shares of ProShares S&P 500 High Income ETF by 3.7% during the 4th quarter. Capital Investment Advisors LLC now owns 784,615 shares of the company’s stock worth $35,802,000 after acquiring an additional 27,896 shares during the period. Sherman Wealth Management LLC bought a new stake in ProShares S&P 500 High Income ETF in the 4th quarter valued at $650,000. Prosperity Financial Group Inc. raised its stake in ProShares S&P 500 High Income ETF by 27.8% in the 4th quarter. Prosperity Financial Group Inc. now owns 143,472 shares of the company’s stock valued at $6,547,000 after acquiring an additional 31,217 shares during the period. PFG Investments LLC raised its stake in ProShares S&P 500 High Income ETF by 16.1% in the 4th quarter. PFG Investments LLC now owns 138,930 shares of the company’s stock valued at $6,339,000 after acquiring an additional 19,262 shares during the period. Finally, Mutual Advisors LLC lifted its holdings in ProShares S&P 500 High Income ETF by 208.6% during the 4th quarter. Mutual Advisors LLC now owns 26,653 shares of the company’s stock valued at $1,216,000 after purchasing an additional 18,015 shares during the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

Shares of BATS ISPY opened at $47.39 on Friday. The stock has a 50 day moving average price of $47.98 and a 200 day moving average price of $46.41. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.08. The stock has a market capitalization of $962.96 million, a PE ratio of 25.81 and a beta of 0.87.

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.