ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report)’s stock price were down 1.3% on Friday. The company traded as low as $47.53 and last traded at $47.63. Approximately 51,293 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 107,493 shares. The stock had previously closed at $48.24.
ProShares S&P 500 High Income ETF Price Performance
The firm’s 50 day simple moving average is $48.29 and its two-hundred day simple moving average is $47.58. The firm has a market capitalization of $967.84 million, a P/E ratio of 25.81 and a beta of 0.87.
Institutional Trading of ProShares S&P 500 High Income ETF
Several large investors have recently modified their holdings of the business. Chelsea Counsel Co. lifted its stake in 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 worth $26,000 after acquiring an additional 250 shares during the period. MidFirst Bank purchased a new position in ProShares S&P 500 High Income ETF during the fourth quarter valued at $51,000. Western Wealth Management LLC bought a new stake in shares of ProShares S&P 500 High Income ETF during the 1st quarter valued at $57,000. Fifth Third Bancorp purchased a new stake in shares of ProShares S&P 500 High Income ETF in the 1st quarter worth about $210,000. Finally, Core Wealth Partners LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the fourth quarter valued at approximately $226,000.
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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