ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Sees Significant Decrease in Short Interest

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 38,400 shares, a decline of 29.0% from the August 31st total of 54,100 shares. Based on an average daily trading volume, of 72,900 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 72,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Masso Torrence Wealth Management Inc. raised its position in ProShares Nasdaq-100 High Income ETF by 10.6% during the 1st quarter. Masso Torrence Wealth Management Inc. now owns 89,820 shares of the company’s stock valued at $3,490,000 after purchasing an additional 8,645 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of ProShares Nasdaq-100 High Income ETF by 15.0% during the first quarter. Raymond James Financial Inc. now owns 82,676 shares of the company’s stock valued at $3,212,000 after purchasing an additional 10,773 shares in the last quarter. Clarus Wealth Advisors purchased a new stake in ProShares Nasdaq-100 High Income ETF in the second quarter worth $410,000. PFG Investments LLC raised its holdings in ProShares Nasdaq-100 High Income ETF by 13.0% in the second quarter. PFG Investments LLC now owns 68,630 shares of the company’s stock worth $2,807,000 after purchasing an additional 7,887 shares in the last quarter. Finally, OLD Mission Capital LLC lifted its position in ProShares Nasdaq-100 High Income ETF by 116.4% during the first quarter. OLD Mission Capital LLC now owns 26,325 shares of the company’s stock valued at $1,023,000 after buying an additional 14,160 shares during the period.

ProShares Nasdaq-100 High Income ETF Trading Up 0.2%

IQQQ opened at $44.65 on Tuesday. The stock has a 50-day moving average price of $42.62 and a 200-day moving average price of $39.98. ProShares Nasdaq-100 High Income ETF has a 12-month low of $33.00 and a 12-month high of $45.21. The stock has a market capitalization of $270.10 million, a P/E ratio of 34.31 and a beta of 1.21.

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.