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

ProShares S&P 500 High Income ETF (BATS:ISPY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 10,223 shares, a growth of 1,169.9% from the July 30th total of 805 shares. Based on an average daily volume of 70,005 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ISPY. NBC Securities Inc. bought a new position in shares of ProShares S&P 500 High Income ETF during the fourth quarter worth approximately $27,000. Chelsea Counsel Co. boosted its position in shares of ProShares S&P 500 High Income ETF by 71.4% in the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Sarver Vrooman Wealth Advisors bought a new stake in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at about $34,000. Huntington National Bank acquired a new position in shares of ProShares S&P 500 High Income ETF in the fourth quarter valued at about $34,000. Finally, Mark Sheptoff Financial Planning LLC grew its stake in shares of ProShares S&P 500 High Income ETF by 74.8% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 783 shares of the company’s stock valued at $36,000 after acquiring an additional 335 shares in the last quarter.

ProShares S&P 500 High Income ETF Trading Up 0.2%

Shares of ISPY traded up $0.09 during mid-day trading on Tuesday, reaching $48.38. The company’s stock had a trading volume of 235,186 shares, compared to its average volume of 111,956. ProShares S&P 500 High Income ETF has a 1-year low of $42.10 and a 1-year high of $49.25. The business has a 50-day simple moving average of $48.07 and a two-hundred day simple moving average of $46.73. The stock has a market cap of $983.08 million, a P/E ratio of 25.81 and a beta of 0.87.

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.