Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Drops By 55.0%

Posted by Tech Dows on Dec 28th, 2024

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 54,800 shares, a decrease of 55.0% from the November 30th total of 121,900 shares. Based on an average daily volume of 45,600 shares, the days-to-cover ratio is currently 1.2 days.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of NASDAQ IQQQ traded down $0.65 during trading hours on Friday, reaching $43.57. 18,996 shares of the stock were exchanged, compared to its average volume of 30,328. The stock’s fifty day simple moving average is $43.09 and its 200 day simple moving average is $42.07. The firm has a market capitalization of $71.89 million, a price-to-earnings ratio of 30.87 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a 52 week low of $37.27 and a 52 week high of $45.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.1648 per share. The ex-dividend date is Monday, December 23rd.

Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF

A number of institutional investors have recently modified their holdings of IQQQ. Maia Wealth LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF in the third quarter valued at approximately $234,000. City Center Advisors LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at $252,000. Sanctuary Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 2nd quarter worth $642,000. Jane Street Group LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the third quarter worth $810,000. Finally, PFG Investments LLC acquired a new position in ProShares Nasdaq-100 High Income ETF in the second quarter valued at about $896,000.

ProShares Nasdaq-100 High Income ETF Company Profile

(Get Free Report)

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.