ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Update

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 71,500 shares, a decrease of 87.1% from the October 31st total of 553,900 shares. Based on an average trading volume of 55,500 shares, the days-to-cover ratio is presently 1.3 days.

ProShares Nasdaq-100 High Income ETF Price Performance

IQQQ traded down $0.37 during trading on Wednesday, reaching $42.83. 10,805 shares of the stock traded hands, compared to its average volume of 31,038. The stock’s 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $41.64. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $37.27 and a fifty-two week high of $44.42. The stock has a market cap of $70.66 million, a price-to-earnings ratio of 30.87 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.1046 per share. This represents a $1.26 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Trading of ProShares Nasdaq-100 High Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Maia Wealth LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF in the 3rd quarter valued at approximately $234,000. City Center Advisors LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter worth about $252,000. SteelPeak Wealth LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at about $589,000. Sanctuary Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF during the second quarter worth about $642,000. Finally, Jane Street Group LLC acquired a new position in ProShares Nasdaq-100 High Income ETF in the 3rd quarter valued at approximately $810,000.

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.