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 increase in short interest in February. As of February 28th, there was short interest totalling 74,400 shares, an increase of 19.4% from the February 13th total of 62,300 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in ProShares Nasdaq-100 High Income ETF in the fourth quarter worth about $51,000. Jane Street Group LLC acquired a new position in ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at approximately $810,000. JPMorgan Chase & Co. grew its stake in ProShares Nasdaq-100 High Income ETF by 58.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 47,599 shares of the company’s stock worth $1,991,000 after buying an additional 17,599 shares during the last quarter. Kingsview Wealth Management LLC increased its position in ProShares Nasdaq-100 High Income ETF by 131.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 11,281 shares of the company’s stock worth $482,000 after buying an additional 6,417 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in ProShares Nasdaq-100 High Income ETF by 27.4% in the fourth quarter. Sanctuary Advisors LLC now owns 58,763 shares of the company’s stock valued at $2,549,000 after buying an additional 12,640 shares during the last quarter.

ProShares Nasdaq-100 High Income ETF Trading Down 1.5 %

IQQQ stock traded down $0.60 during trading on Tuesday, reaching $39.45. The stock had a trading volume of 13,645 shares, compared to its average volume of 30,093. ProShares Nasdaq-100 High Income ETF has a 1-year low of $37.27 and a 1-year high of $45.21. The firm has a fifty day moving average price of $42.40 and a 200 day moving average price of $42.32. The company has a market capitalization of $91.52 million, a P/E ratio of 31.66 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were given a $0.2771 dividend. The ex-dividend date was Monday, March 3rd.

ProShares Nasdaq-100 High Income ETF Company Profile

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.