Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Increases By 19.5%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw 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. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 52,513 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 52,513 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are short sold.

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

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in ProShares Nasdaq-100 High Income ETF by 163.0% during the first quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after purchasing an additional 86,794 shares during the last quarter. Focus Partners Wealth raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 57.1% during the 1st quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock worth $427,000 after purchasing an additional 4,000 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 239.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,467 shares of the company’s stock valued at $101,000 after buying an additional 1,741 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 3.2% during the 2nd quarter. Kingsview Wealth Management LLC now owns 58,851 shares of the company’s stock valued at $2,407,000 after buying an additional 1,809 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 1.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 160,064 shares of the company’s stock valued at $6,547,000 after buying an additional 1,743 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of IQQQ stock traded up $0.52 during trading on Monday, hitting $43.53. 57,319 shares of the company were exchanged, compared to its average volume of 73,190. The business’s 50-day simple moving average is $44.38 and its 200 day simple moving average is $44.32. ProShares Nasdaq-100 High Income ETF has a twelve month low of $33.00 and a twelve month high of $46.72. The firm has a market capitalization of $346.93 million, a price-to-earnings ratio of 34.31 and a beta of 1.09.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

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

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.