ProShares S&P 500 High Income ETF (BATS:ISPY) Short Interest Down 55.5% in June

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 24,159 shares, a decline of 55.5% from the May 31st total of 54,305 shares. Based on an average daily trading volume, of 102,718 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of ISPY. Morgan Stanley lifted its holdings in shares of ProShares S&P 500 High Income ETF by 29.0% in the 4th quarter. Morgan Stanley now owns 4,162,211 shares of the company’s stock worth $189,922,000 after purchasing an additional 935,443 shares in the last quarter. Raymond James Financial Inc. increased its stake in ProShares S&P 500 High Income ETF by 13.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,879,053 shares of the company’s stock valued at $84,764,000 after purchasing an additional 220,264 shares in the last quarter. Bank of America Corp DE raised its holdings in ProShares S&P 500 High Income ETF by 4.5% during the first quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock worth $62,281,000 after buying an additional 61,472 shares during the last quarter. LPL Financial LLC raised its holdings in ProShares S&P 500 High Income ETF by 22.2% during the fourth quarter. LPL Financial LLC now owns 1,114,368 shares of the company’s stock worth $50,849,000 after buying an additional 202,221 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in ProShares S&P 500 High Income ETF by 1.4% during the fourth 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.

ProShares S&P 500 High Income ETF Stock Performance

ISPY stock opened at $46.73 on Monday. The stock’s 50 day simple moving average is $47.57 and its 200 day simple moving average is $46.11. The company has a market cap of $949.55 million, a P/E ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a fifty-two week low of $41.89 and a fifty-two week high of $49.08.

ProShares S&P 500 High Income ETF Company Profile

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.