ProShares S&P 500 High Income ETF (BATS:ISPY) Shares Shorted: Short Interest Up 327.2% in October

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 13,901 shares, a growth of 327.2% from the September 30th total of 3,254 shares. Based on an average daily volume of 68,671 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

ProShares S&P 500 High Income ETF Stock Performance

Shares of BATS:ISPY opened at $48.08 on Wednesday. The stock has a market capitalization of $976.99 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 1-year low of $42.10 and a 1-year high of $49.25. The company has a 50 day moving average price of $48.16 and a 200 day moving average price of $47.00.

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

A number of institutional investors and hedge funds have recently modified their holdings of ISPY. NewEdge Advisors LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 1.5% in the 1st quarter. NewEdge Advisors LLC now owns 15,894 shares of the company’s stock worth $689,000 after acquiring an additional 228 shares during the last quarter. Chelsea Counsel Co. lifted its holdings in shares of ProShares S&P 500 High Income ETF by 71.4% during the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of ProShares S&P 500 High Income ETF by 10.8% during the third quarter. IFP Advisors Inc now owns 2,743 shares of the company’s stock valued at $131,000 after purchasing an additional 267 shares during the last quarter. BOS Asset Management LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 5.4% during the third quarter. BOS Asset Management LLC now owns 15,071 shares of the company’s stock valued at $720,000 after purchasing an additional 776 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 1.9% during the second quarter. Integrated Wealth Concepts LLC now owns 52,489 shares of the company’s stock valued at $2,529,000 after purchasing an additional 977 shares during the last quarter.

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.