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

ProShares S&P 500 High Income ETF (BATS:ISPY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 24,159 shares, a decrease of 55.5% from the May 31st total of 54,305 shares. Based on an average 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.

Institutional Trading of ProShares S&P 500 High Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of ProShares S&P 500 High Income ETF by 5.6% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock valued at $12,108,000 after purchasing an additional 14,856 shares in the last quarter. Chelsea Counsel Co. boosted its position in shares of ProShares S&P 500 High Income ETF by 71.4% during the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. NewEdge Advisors LLC grew its holdings in ProShares S&P 500 High Income ETF by 1.5% during the first quarter. NewEdge Advisors LLC now owns 15,894 shares of the company’s stock worth $689,000 after buying an additional 228 shares in the last quarter. Western Wealth Management LLC bought a new stake in ProShares S&P 500 High Income ETF during the first quarter worth $57,000. Finally, Bank of America Corp DE grew 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 in the last quarter.

ProShares S&P 500 High Income ETF Stock Performance

Shares of BATS ISPY opened at $46.73 on Monday. 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. The stock has a market cap of $949.55 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. The firm’s 50-day simple moving average is $47.57 and its 200 day simple moving average is $46.11.

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.