ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 7,996 shares, a decrease of 61.0% from the June 15th total of 20,480 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 62,398 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF
A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its position in ProShares Nasdaq-100 High Income ETF by 778.5% during the second quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock valued at $29,706,000 after acquiring an additional 643,640 shares in the last quarter. Bank of America Corp DE lifted its holdings in ProShares Nasdaq-100 High Income ETF by 188.7% in the third quarter. Bank of America Corp DE now owns 796,205 shares of the company’s stock valued at $35,073,000 after acquiring an additional 520,437 shares during the period. LPL Financial LLC boosted its position in ProShares Nasdaq-100 High Income ETF by 37.6% in the 4th quarter. LPL Financial LLC now owns 388,743 shares of the company’s stock worth $17,291,000 after purchasing an additional 106,307 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $4,317,000. Finally, Royal Bank of Canada grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 163.0% during the 1st quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock worth $5,441,000 after purchasing an additional 86,794 shares during the period.
ProShares Nasdaq-100 High Income ETF Stock Performance
Shares of ProShares Nasdaq-100 High Income ETF stock traded down $0.22 during trading on Wednesday, hitting $49.03. 27,341 shares of the company’s stock were exchanged, compared to its average volume of 65,722. The business has a 50-day simple moving average of $49.65 and a 200-day simple moving average of $46.13. ProShares Nasdaq-100 High Income ETF has a 52-week low of $40.43 and a 52-week high of $51.66. The stock has a market capitalization of $405.97 million, a price-to-earnings ratio of 34.31 and a beta of 1.19.
ProShares Nasdaq-100 High Income ETF Dividend Announcement
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.
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