ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Up 19.4% in February

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 74,400 shares, a growth of 19.4% from the February 13th total of 62,300 shares. Based on an average trading volume of 28,300 shares, the short-interest ratio is presently 2.6 days. Currently, 3.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter valued at $51,000. Aptus Capital Advisors LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter valued at $79,000. Pitti Group Wealth Management LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter valued at $237,000. Focus Partners Wealth bought a new position in ProShares Nasdaq-100 High Income ETF during the 4th quarter worth $299,000. Finally, Integrated Wealth Concepts LLC bought a new position in ProShares Nasdaq-100 High Income ETF during the 4th quarter worth $406,000.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of IQQQ traded up $0.48 during trading hours on Wednesday, reaching $39.93. The stock had a trading volume of 23,457 shares, compared to its average volume of 30,066. ProShares Nasdaq-100 High Income ETF has a 12 month low of $37.27 and a 12 month high of $45.21. The stock has a market capitalization of $92.64 million, a PE ratio of 31.66 and a beta of 1.21. The company’s 50-day moving average is $42.40 and its two-hundred day moving average is $42.32.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were paid a $0.2771 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

ProShares Nasdaq-100 High Income ETF Company Profile

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.