ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,227 shares, a decrease of 43.1% from the September 30th total of 10,945 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 47,197 shares, the days-to-cover ratio is presently 0.1 days.
ProShares Nasdaq-100 High Income ETF Price Performance
Shares of IQQQ stock traded down $0.81 during trading hours on Monday, reaching $44.78. The company had a trading volume of 102,073 shares, compared to its average volume of 58,435. ProShares Nasdaq-100 High Income ETF has a 12 month low of $40.43 and a 12 month high of $51.66. The business has a fifty day simple moving average of $48.13 and a 200-day simple moving average of $46.94. The company has a market cap of $372.12 million, a price-to-earnings ratio of 34.31 and a beta of 1.21.
ProShares Nasdaq-100 High Income ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, September 1st were given a $0.2296 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a decrease from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.2386.
Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF
Several large investors have recently bought and sold shares of IQQQ. Kestra Advisory Services LLC lifted its position in shares of ProShares Nasdaq-100 High Income ETF by 13.9% during the third quarter. Kestra Advisory Services LLC now owns 12,705 shares of the company’s stock valued at $621,000 after purchasing an additional 1,548 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in ProShares Nasdaq-100 High Income ETF during the third quarter worth about $909,000. Chicago Partners Investment Group LLC bought a new stake in ProShares Nasdaq-100 High Income ETF in the 3rd quarter worth about $213,000. MGO One Seven LLC grew its position in ProShares Nasdaq-100 High Income ETF by 17.4% in the 3rd quarter. MGO One Seven LLC now owns 10,133 shares of the company’s stock worth $495,000 after purchasing an additional 1,500 shares in the last quarter. Finally, PMG Family Office LLC grew its position in ProShares Nasdaq-100 High Income ETF by 0.6% in the 3rd quarter. PMG Family Office LLC now owns 53,653 shares of the company’s stock worth $2,622,000 after purchasing an additional 325 shares in the last quarter.
About ProShares Nasdaq-100 High Income ETF
The ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that is based on the Nasdaq-100 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on Nasdaq-100 stocks. The fund seeks to generate a high level of income combined with the performance returns of the Nasdaq-100 Index over the long term.
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