ProShares S&P 500 High Income ETF (BATS:ISPY) Shares Down 1.3% – Here’s Why

ProShares S&P 500 High Income ETF (BATS:ISPY)’s share price were down 1.3% during mid-day trading on Friday. The company traded as low as $47.53 and last traded at $47.63. 51,293 shares changed 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 company has a market cap of $967.84 million, a P/E ratio of 25.81 and a beta of 0.87. The company’s 50-day moving average is $48.29 and its two-hundred day moving average is $47.58.

Hedge Funds 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. BOS Asset Management LLC lifted its stake in shares of ProShares S&P 500 High Income ETF by 5.4% in the 3rd quarter. BOS Asset Management LLC now owns 15,071 shares of the company’s stock worth $720,000 after purchasing an additional 776 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of ProShares S&P 500 High Income ETF by 1.9% in the second quarter. Integrated Wealth Concepts LLC now owns 52,489 shares of the company’s stock worth $2,529,000 after purchasing an additional 977 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in ProShares S&P 500 High Income ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after buying an additional 42,316 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in ProShares S&P 500 High Income ETF by 5.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock worth $12,108,000 after buying an additional 14,856 shares in the last quarter. Finally, Chelsea Counsel Co. lifted its position in shares of 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 valued at $26,000 after acquiring an additional 250 shares in 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.