Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Rises By 80.6%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 14,444 shares, a growth of 80.6% from the June 30th total of 7,996 shares. Based on an average daily volume of 57,028 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF

A number of large investors have recently bought and sold shares of the stock. Cary Street Partners Financial LLC boosted its stake in shares of ProShares Nasdaq-100 High Income ETF by 5.4% during the fourth quarter. Cary Street Partners Financial LLC now owns 6,640 shares of the company’s stock valued at $295,000 after purchasing an additional 340 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of ProShares Nasdaq-100 High Income ETF by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 8,856 shares of the company’s stock worth $394,000 after buying an additional 398 shares during the period. NewEdge Advisors LLC raised its holdings in ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after buying an additional 534 shares during the last quarter. CAP Partners LLC raised its holdings in ProShares Nasdaq-100 High Income ETF by 6.5% during the 1st quarter. CAP Partners LLC now owns 8,952 shares of the company’s stock valued at $373,000 after buying an additional 550 shares during the last quarter. Finally, Creative Planning boosted its position in ProShares Nasdaq-100 High Income ETF by 5.5% during the 3rd quarter. Creative Planning now owns 13,408 shares of the company’s stock valued at $591,000 after buying an additional 695 shares during the period.

ProShares Nasdaq-100 High Income ETF Stock Performance

IQQQ stock opened at $47.18 on Friday. The firm has a market cap of $394.90 million, a P/E ratio of 34.31 and a beta of 1.19. The firm’s fifty day moving average is $49.18 and its 200 day moving average is $46.35. ProShares Nasdaq-100 High Income ETF has a 52 week low of $40.43 and a 52 week high of $51.66.

ProShares Nasdaq-100 High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were issued a $0.4592 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 11.7%.

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.