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

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 553,900 shares, a growth of 3,943.1% from the October 15th total of 13,700 shares. Based on an average daily volume of 65,300 shares, the days-to-cover ratio is presently 8.5 days.

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of IQQQ stock opened at $43.22 on Thursday. The stock has a market capitalization of $71.31 million, a PE ratio of 30.87 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a 1-year low of $37.27 and a 1-year high of $44.42. The business has a 50-day moving average of $41.47 and a 200 day moving average of $41.41.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.1046 per share. This represents a $1.26 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, November 1st.

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

Several institutional investors have recently bought and sold shares of IQQQ. PFG Investments LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $896,000. Sanctuary Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $642,000. SteelPeak Wealth LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $589,000. City Center Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth approximately $252,000. Finally, Maia Wealth LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth approximately $234,000.

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.