ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Update

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 71,500 shares, a drop of 87.1% from the October 31st total of 553,900 shares. Based on an average trading volume of 55,500 shares, the short-interest ratio is presently 1.3 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Maia Wealth LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the third quarter valued at $234,000. City Center Advisors LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the 3rd quarter valued at about $252,000. PFG Investments LLC grew its position in shares of ProShares Nasdaq-100 High Income ETF by 39.1% in the 3rd quarter. PFG Investments LLC now owns 29,221 shares of the company’s stock valued at $1,222,000 after acquiring an additional 8,216 shares during the period. SteelPeak Wealth LLC increased its stake in shares of ProShares Nasdaq-100 High Income ETF by 64.4% during the 3rd quarter. SteelPeak Wealth LLC now owns 22,685 shares of the company’s stock worth $949,000 after purchasing an additional 8,885 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 2nd quarter valued at about $642,000.

ProShares Nasdaq-100 High Income ETF Stock Up 0.8 %

Shares of NASDAQ:IQQQ traded up $0.33 during midday trading on Friday, reaching $43.16. The company had a trading volume of 8,476 shares, compared to its average volume of 30,909. ProShares Nasdaq-100 High Income ETF has a 1-year low of $37.27 and a 1-year high of $44.42. The stock has a market cap of $71.21 million, a PE ratio of 30.87 and a beta of 1.21. The business’s 50 day moving average price is $42.14 and its 200 day moving average price is $41.65.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a dividend of $0.1046 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, November 1st.

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.