ProShares S&P 500 High Income ETF (BATS:ISPY) Sees Large Drop in Short Interest

ProShares S&P 500 High Income ETF (BATS:ISPYGet Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 29,379 shares, a decline of 55.7% from the April 15th total of 66,383 shares. Based on an average trading volume of 116,384 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On ProShares S&P 500 High Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new position in ProShares S&P 500 High Income ETF during the 4th quarter valued at about $27,000. Huntington National Bank purchased a new stake in ProShares S&P 500 High Income ETF in the fourth quarter worth approximately $34,000. Sarver Vrooman Wealth Advisors bought a new stake in ProShares S&P 500 High Income ETF in the 4th quarter worth approximately $34,000. Mark Sheptoff Financial Planning LLC raised its stake in ProShares S&P 500 High Income ETF by 74.8% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 783 shares of the company’s stock valued at $36,000 after buying an additional 335 shares during the last quarter. Finally, MidFirst Bank bought a new position in shares of ProShares S&P 500 High Income ETF during the 4th quarter valued at $51,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of ProShares S&P 500 High Income ETF stock opened at $48.43 on Friday. The stock has a market cap of $984.10 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The firm’s 50-day moving average is $45.17 and its 200 day moving average is $45.56. ProShares S&P 500 High Income ETF has a 1 year low of $39.60 and a 1 year high of $48.47.

ProShares S&P 500 High Income ETF Company Profile

(Get Free Report)

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.

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