ProShares S&P 500 High Income ETF (BATS:ISPY) Stock Price Down 0.3% – Here’s Why

ProShares S&P 500 High Income ETF (BATS:ISPY)’s stock price traded down 0.3% on Tuesday . The stock traded as low as $47.64 and last traded at $47.71. Approximately 60,654 shares were traded during trading, a decline of 46% from the average session volume of 113,157 shares. The stock had previously closed at $47.87.

ProShares S&P 500 High Income ETF Trading Up 1.3%

The stock has a 50-day simple moving average of $48.20 and a 200 day simple moving average of $47.02. The stock has a market capitalization of $976.40 million, a price-to-earnings ratio of 25.81 and a beta of 0.87.

Institutional Investors Weigh In On ProShares S&P 500 High Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of ProShares S&P 500 High Income ETF by 4.5% during the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after acquiring an additional 61,472 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in ProShares S&P 500 High Income ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after purchasing an additional 42,316 shares during the last quarter. Sanctuary Advisors LLC increased its position in ProShares S&P 500 High Income ETF by 2.1% in the 1st quarter. Sanctuary Advisors LLC now owns 318,448 shares of the company’s stock worth $13,805,000 after purchasing an additional 6,528 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of ProShares S&P 500 High Income ETF by 5.6% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock worth $12,108,000 after purchasing an additional 14,856 shares in the last quarter. Finally, MJP Associates Inc. ADV raised its stake in shares of ProShares S&P 500 High Income ETF by 11.5% during the 4th quarter. MJP Associates Inc. ADV now owns 166,799 shares of the company’s stock worth $7,611,000 after purchasing an additional 17,174 shares in the last quarter.

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.