ProShares S&P 500 High Income ETF (BATS:ISPY) Hits New 1-Year High – What’s Next?

ProShares S&P 500 High Income ETF (BATS:ISPY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.19 and last traded at $49.17, with a volume of 6467 shares changing hands. The stock had previously closed at $48.80.

ProShares S&P 500 High Income ETF Stock Performance

The stock has a market capitalization of $998.12 million, a PE ratio of 25.81 and a beta of 0.87. The business has a 50 day moving average of $47.97 and a two-hundred day moving average of $46.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley lifted its position in ProShares S&P 500 High Income ETF by 29.0% during the fourth quarter. Morgan Stanley now owns 4,162,211 shares of the company’s stock valued at $189,922,000 after acquiring an additional 935,443 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of ProShares S&P 500 High Income ETF by 13.3% during the third quarter. Raymond James Financial Inc. now owns 1,879,053 shares of the company’s stock worth $84,764,000 after purchasing an additional 220,264 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of ProShares S&P 500 High Income ETF by 4.5% during the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after purchasing an additional 61,472 shares during the last quarter. LPL Financial LLC boosted its position in shares of ProShares S&P 500 High Income ETF by 22.2% in the 4th quarter. LPL Financial LLC now owns 1,114,368 shares of the company’s stock worth $50,849,000 after purchasing an additional 202,221 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in ProShares S&P 500 High Income ETF by 1.4% during the 4th quarter. Royal Bank of Canada now owns 1,050,626 shares of the company’s stock worth $47,940,000 after buying an additional 14,186 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.