Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Drops By 87.1%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 71,500 shares, a decrease of 87.1% from the October 31st total of 553,900 shares. Based on an average daily volume of 55,500 shares, the short-interest ratio is presently 1.3 days.

ProShares Nasdaq-100 High Income ETF Trading Down 0.9 %

Shares of NASDAQ:IQQQ traded down $0.37 during trading on Wednesday, hitting $42.83. 10,805 shares of the company were exchanged, compared to its average volume of 31,038. ProShares Nasdaq-100 High Income ETF has a fifty-two week low of $37.27 and a fifty-two week high of $44.42. The stock has a market cap of $70.66 million, a price-to-earnings ratio of 30.87 and a beta of 1.21. The firm has a fifty day moving average price of $42.12 and a two-hundred day moving average price of $41.64.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.1046 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.93%.

Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Maia Wealth LLC bought a new stake in ProShares Nasdaq-100 High Income ETF in the third quarter valued at approximately $234,000. City Center Advisors LLC acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter worth approximately $252,000. SteelPeak Wealth LLC bought a new stake in ProShares Nasdaq-100 High Income ETF in the 2nd quarter valued at $589,000. Sanctuary Advisors LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at $642,000. Finally, Jane Street Group LLC acquired a new stake in ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at $810,000.

ProShares Nasdaq-100 High Income ETF Company Profile

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.