ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Down 28.6% in March

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 58,300 shares, a decline of 28.6% from the March 15th total of 81,700 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,400 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of ProShares Nasdaq-100 High Income ETF

Large investors have recently added to or reduced their stakes in the company. Pitti Group Wealth Management LLC grew its position in ProShares Nasdaq-100 High Income ETF by 10.4% during the 1st quarter. Pitti Group Wealth Management LLC now owns 6,125 shares of the company’s stock worth $238,000 after acquiring an additional 575 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the fourth quarter worth approximately $299,000. Aptus Capital Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF during the 4th quarter worth $79,000. Integrated Wealth Concepts LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter worth $406,000. Finally, Maxwell Wealth Strategies Inc. bought a new stake in ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at about $446,000.

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of NASDAQ:IQQQ opened at $35.22 on Friday. The business’s fifty day moving average price is $39.64 and its two-hundred day moving average price is $41.75. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $33.00 and a fifty-two week high of $45.21. The stock has a market capitalization of $106.36 million, a price-to-earnings ratio of 27.75 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, April 1st were issued a dividend of $0.9041 per share. This is an increase from ProShares Nasdaq-100 High Income ETF’s previous dividend of $0.28. The ex-dividend date of this dividend was Tuesday, April 1st.

About ProShares Nasdaq-100 High Income ETF

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.