Short Interest in ProShares S&P 500 High Income ETF (BATS:ISPY) Drops By 96.9%

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 648 shares, a decline of 96.9% from the June 30th total of 21,004 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 97,789 shares, the days-to-cover ratio is presently 0.0 days.

ProShares S&P 500 High Income ETF Price Performance

Shares of ISPY stock opened at $47.39 on Friday. ProShares S&P 500 High Income ETF has a 1-year low of $42.10 and a 1-year high of $49.08. The company has a market cap of $962.96 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The stock has a 50 day simple moving average of $47.98 and a 200-day simple moving average of $46.41.

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

Large investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC increased its holdings in shares of ProShares S&P 500 High Income ETF by 3.7% in the fourth quarter. Capital Investment Advisors LLC now owns 784,615 shares of the company’s stock valued at $35,802,000 after purchasing an additional 27,896 shares during the period. Sherman Wealth Management LLC acquired a new stake in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth $650,000. Prosperity Financial Group Inc. grew its position in ProShares S&P 500 High Income ETF by 27.8% in the 4th quarter. Prosperity Financial Group Inc. now owns 143,472 shares of the company’s stock valued at $6,547,000 after buying an additional 31,217 shares during the last quarter. PFG Investments LLC grew its position in ProShares S&P 500 High Income ETF by 16.1% in the 4th quarter. PFG Investments LLC now owns 138,930 shares of the company’s stock valued at $6,339,000 after buying an additional 19,262 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in ProShares S&P 500 High Income ETF by 208.6% in the 4th quarter. Mutual Advisors LLC now owns 26,653 shares of the company’s stock valued at $1,216,000 after buying an additional 18,015 shares during the last quarter.

About ProShares S&P 500 High Income ETF

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.