ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 12,200 shares, a decrease of 10.3% from the August 15th total of 13,600 shares. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF
Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF in the second quarter valued at $642,000. PFG Investments LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the second quarter valued at approximately $896,000. Finally, SteelPeak Wealth LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $589,000.
ProShares Nasdaq-100 High Income ETF Price Performance
ProShares Nasdaq-100 High Income ETF stock traded down $0.18 during mid-day trading on Wednesday, reaching $40.29. The company had a trading volume of 36,639 shares, compared to its average volume of 22,361. The business’s 50-day simple moving average is $40.94. The company has a market cap of $50.36 million, a P/E 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.
ProShares Nasdaq-100 High Income ETF Announces Dividend
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.
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