ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Down 57.2% in August

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQGet Free Report) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 8,692 shares, a decline of 57.2% from the July 30th total of 20,327 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 41,832 shares, the short-interest ratio is presently 0.2 days.

ProShares Nasdaq-100 High Income ETF Stock Down 0.6%

Shares of ProShares Nasdaq-100 High Income ETF stock traded down $0.27 during trading hours on Friday, hitting $48.38. The company’s stock had a trading volume of 20,870 shares, compared to its average volume of 61,096. The business has a fifty day moving average of $48.45 and a 200 day moving average of $46.84. ProShares Nasdaq-100 High Income ETF has a 1-year low of $40.43 and a 1-year high of $51.66. The company has a market capitalization of $404.94 million, a PE ratio of 34.31 and a beta of 1.22.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.2386 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, August 3rd.

Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in ProShares Nasdaq-100 High Income ETF by 441.3% in the second quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after acquiring an additional 534 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF in the third quarter valued at $82,000. Cornerstone Wealth Management LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at $200,000. Kestra Advisory Services LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 4th quarter worth $233,000. Finally, Meridian Wealth Management LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 4th quarter worth $262,000.

ProShares Nasdaq-100 High Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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