Shares of ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $47.06 and traded as high as $47.41. ProShares S&P 500 High Income ETF shares last traded at $47.41, with a volume of 70,248 shares traded.
ProShares S&P 500 High Income ETF Stock Performance
The stock has a market capitalization of $1.15 billion, a PE ratio of 25.49 and a beta of 0.86. The stock’s 50 day moving average is $47.88 and its two-hundred day moving average is $47.06.
Hedge Funds Weigh In On ProShares S&P 500 High Income ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. acquired a new position in ProShares S&P 500 High Income ETF in the 3rd quarter valued at $1,773,000. Zhang Financial LLC purchased a new position in ProShares S&P 500 High Income ETF in the 1st quarter valued at $646,000. Bank of America Corp DE lifted its holdings in ProShares S&P 500 High Income ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after purchasing an additional 61,472 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in ProShares S&P 500 High Income ETF by 5.6% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock worth $12,108,000 after purchasing an additional 14,856 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in ProShares S&P 500 High Income ETF by 280.1% in the 3rd quarter. International Assets Investment Management LLC now owns 19,568 shares of the company’s stock valued at $935,000 after acquiring an additional 14,420 shares during the last quarter.
About ProShares S&P 500 High Income ETF
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.
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