ProShares S&P 500 High Income ETF (BATS:ISPY) Sees Significant Decrease in Short Interest

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 24,159 shares, a drop of 55.5% from the May 31st total of 54,305 shares. Based on an average trading volume of 102,718 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

ProShares S&P 500 High Income ETF Stock Up 2.4%

BATS ISPY opened at $47.84 on Tuesday. The business’s fifty day simple moving average is $47.61 and its 200-day simple moving average is $46.12. The firm has a market cap of $972.11 million, a PE ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 52 week low of $42.06 and a 52 week high of $49.08.

Hedge Funds Weigh In On ProShares S&P 500 High Income ETF

A number of institutional investors have recently bought and sold shares of ISPY. Comerica Bank acquired a new stake in shares of ProShares S&P 500 High Income ETF during the 1st quarter worth approximately $90,000. NewEdge Advisors LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 26.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,828 shares of the company’s stock worth $666,000 after purchasing an additional 3,327 shares during the period. Focus Partners Wealth grew its holdings in shares of ProShares S&P 500 High Income ETF by 57.1% during the 1st quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock worth $463,000 after purchasing an additional 4,000 shares during the period. Raymond James Financial Inc. increased its position in shares of ProShares S&P 500 High Income ETF by 23.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,658,789 shares of the company’s stock worth $70,382,000 after purchasing an additional 316,261 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its holdings in ProShares S&P 500 High Income ETF by 278.6% in the 3rd quarter. Journey Strategic Wealth LLC now owns 35,383 shares of the company’s stock valued at $1,596,000 after buying an additional 26,037 shares during the period.

ProShares S&P 500 High Income ETF Company Profile

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.