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

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 69,000 shares, a decrease of 41.6% from the April 30th total of 118,100 shares. Based on an average daily volume of 56,100 shares, the short-interest ratio is presently 1.2 days. Approximately 1.8% of the shares of the company are short sold.

ProShares Nasdaq-100 High Income ETF Price Performance

NASDAQ:IQQQ traded down $0.11 during mid-day trading on Monday, reaching $38.59. The stock had a trading volume of 39,587 shares, compared to its average volume of 41,108. 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 business’s 50 day moving average is $37.09 and its 200 day moving average is $40.73. The stock has a market cap of $126.96 million, a P/E ratio of 30.89 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 7th. Shareholders of record on Thursday, May 1st were given a $1.5518 dividend. The ex-dividend date was Thursday, May 1st. This is a boost from ProShares Nasdaq-100 High Income ETF’s previous dividend of $0.90.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 4th quarter worth about $51,000. Aptus Capital Advisors LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $79,000. Pitti Group Wealth Management LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $237,000. Focus Partners Wealth acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at $299,000. Finally, CAP Partners LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 1st quarter valued at $292,000.

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.