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

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 36,815 shares, a decrease of 30.4% from the February 26th total of 52,904 shares. Based on an average daily volume of 87,378 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the company’s stock are short sold.

ProShares Nasdaq-100 High Income ETF Stock Down 1.8%

Shares of IQQQ traded down $0.76 during midday trading on Friday, reaching $40.92. 67,736 shares of the stock were exchanged, compared to its average volume of 69,712. The company has a market cap of $326.13 million, a price-to-earnings ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a 12-month low of $33.00 and a 12-month high of $46.72. The firm has a 50 day simple moving average of $43.91 and a 200-day simple moving average of $44.33.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.2033 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several institutional investors and hedge funds have recently modified their holdings of IQQQ. Raymond James Financial Inc. increased its position in ProShares Nasdaq-100 High Income ETF by 778.5% during the second quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock worth $29,706,000 after buying an additional 643,640 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of ProShares Nasdaq-100 High Income ETF by 188.7% during the 3rd quarter. Bank of America Corp DE now owns 796,205 shares of the company’s stock worth $35,073,000 after acquiring an additional 520,437 shares in the last quarter. LPL Financial LLC boosted its stake in shares of ProShares Nasdaq-100 High Income ETF by 37.6% during the 4th quarter. LPL Financial LLC now owns 388,743 shares of the company’s stock worth $17,291,000 after acquiring an additional 106,307 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at about $4,317,000. Finally, Royal Bank of Canada raised its stake in shares of ProShares Nasdaq-100 High Income ETF by 163.0% in the 1st quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after acquiring an additional 86,794 shares in the last quarter.

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.