Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Increases By 406.1%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 41,500 shares, a growth of 406.1% from the September 15th total of 8,200 shares. Based on an average daily trading volume, of 38,600 shares, the days-to-cover ratio is presently 1.1 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. City Center Advisors LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at approximately $252,000. Sanctuary Advisors LLC bought a new position in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at $642,000. PFG Investments LLC acquired a new position in ProShares Nasdaq-100 High Income ETF during the 2nd quarter worth $896,000. Finally, SteelPeak Wealth LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 2nd quarter worth about $589,000.

ProShares Nasdaq-100 High Income ETF Trading Up 0.2 %

NASDAQ:IQQQ traded up $0.10 on Friday, reaching $42.03. The stock had a trading volume of 21,817 shares, compared to its average volume of 22,766. ProShares Nasdaq-100 High Income ETF has a 12-month low of $37.27 and a 12-month high of $44.42. The stock has a market cap of $58.84 million, a P/E ratio of 30.87 and a beta of 1.21. The company has a 50-day moving average of $40.68 and a 200 day moving average of $41.02.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.324 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $3.89 dividend on an annualized basis and a yield of 9.25%.

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.