ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Sees Large Decrease in Short Interest

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 46,074 shares, a decrease of 49.0% from the December 31st total of 90,417 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 66,898 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 66,898 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the stock are sold short.

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

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in ProShares Nasdaq-100 High Income ETF by 163.0% during the first quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock worth $5,441,000 after purchasing an additional 86,794 shares during the last quarter. Focus Partners Wealth lifted its position in ProShares Nasdaq-100 High Income ETF by 57.1% during the first quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock worth $427,000 after acquiring an additional 4,000 shares during the last quarter. PFG Investments LLC boosted its stake in ProShares Nasdaq-100 High Income ETF by 13.0% in the 2nd quarter. PFG Investments LLC now owns 68,630 shares of the company’s stock valued at $2,807,000 after purchasing an additional 7,887 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at about $204,000. Finally, MGO One Seven LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the 2nd quarter worth approximately $372,000.

ProShares Nasdaq-100 High Income ETF Stock Performance

NASDAQ:IQQQ traded down $0.52 on Friday, hitting $45.07. 63,521 shares of the stock were exchanged, compared to its average volume of 77,951. ProShares Nasdaq-100 High Income ETF has a 52 week low of $33.00 and a 52 week high of $46.72. The company’s 50-day moving average price is $44.90 and its 200 day moving average price is $43.82. The stock has a market capitalization of $359.21 million, a price-to-earnings ratio of 34.31 and a beta of 1.09.

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.