ProShares S&P 500 High Income ETF (BATS:ISPY) Short Interest Down 55.7% in April

ProShares S&P 500 High Income ETF (BATS:ISPY) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 29,379 shares, a decline of 55.7% from the April 15th total of 66,383 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 116,384 shares, the short-interest ratio is presently 0.3 days.

ProShares S&P 500 High Income ETF Stock Performance

BATS ISPY opened at $47.76 on Friday. The stock’s fifty day moving average is $45.22 and its two-hundred day moving average is $45.57. The firm has a market capitalization of $970.48 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 $39.60 and a fifty-two week high of $48.47.

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

A number of institutional investors have recently bought and sold shares of the company. Morgan Stanley raised its stake 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 worth $189,922,000 after purchasing an additional 935,443 shares during the period. Raymond James Financial Inc. raised its stake in 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 during the period. Bank of America Corp DE raised its stake in ProShares S&P 500 High Income ETF by 18.1% during the third quarter. Bank of America Corp DE now owns 1,298,080 shares of the company’s stock worth $58,556,000 after purchasing an additional 198,606 shares during the period. LPL Financial LLC raised its stake 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 purchasing an additional 202,221 shares during the period. Finally, Royal Bank of Canada raised its stake 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 purchasing an additional 14,186 shares during the period.

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.