ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 13,600 shares, a growth of 142.9% from the July 31st total of 5,600 shares. Based on an average daily trading volume, of 21,800 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ProShares Nasdaq-100 High Income ETF stock. PFG Investments LLC purchased a new stake in shares of ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 21,005 shares of the company’s stock, valued at approximately $896,000. PFG Investments LLC owned 1.68% of ProShares Nasdaq-100 High Income ETF at the end of the most recent quarter.
ProShares Nasdaq-100 High Income ETF Trading Up 0.3 %
Shares of IQQQ stock traded up $0.11 during mid-day trading on Thursday, hitting $41.11. The stock had a trading volume of 27,468 shares, compared to its average volume of 16,610. The firm has a market cap of $51.39 million, a price-to-earnings ratio of 30.87 and a beta of 1.21. The company has a 50-day simple moving average of $41.76. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $37.27 and a fifty-two week high of $44.42.
ProShares Nasdaq-100 High Income ETF Cuts Dividend
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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