ProShares S&P 500 High Income ETF (BATS:ISPY) Shares Shorted: Short Interest Up 327.2% in October

ProShares S&P 500 High Income ETF (BATS:ISPY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,901 shares, an increase of 327.2% from the September 30th total of 3,254 shares. Based on an average daily volume of 68,671 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

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

A number of large investors have recently bought and sold shares of ISPY. NewEdge Advisors LLC raised its stake in shares of 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 valued at $689,000 after acquiring an additional 228 shares during the last quarter. Chelsea Counsel Co. lifted its stake in shares of ProShares S&P 500 High Income ETF by 71.4% in the 1st quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. IFP Advisors Inc boosted its holdings in shares of ProShares S&P 500 High Income ETF by 10.8% during the 3rd quarter. IFP Advisors Inc now owns 2,743 shares of the company’s stock valued at $131,000 after buying an additional 267 shares in the last quarter. BOS Asset Management LLC boosted its position in shares of ProShares S&P 500 High Income ETF by 5.4% in the 3rd quarter. BOS Asset Management LLC now owns 15,071 shares of the company’s stock worth $720,000 after purchasing an additional 776 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in ProShares S&P 500 High Income ETF by 1.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 52,489 shares of the company’s stock valued at $2,529,000 after buying an additional 977 shares in the last quarter.

ProShares S&P 500 High Income ETF Trading Up 0.4%

ISPY opened at $48.25 on Thursday. The stock has a market capitalization of $980.44 million, a P/E ratio of 25.81 and a beta of 0.87. The stock has a 50-day moving average price of $48.16 and a 200-day moving average price of $47.01. ProShares S&P 500 High Income ETF has a 12-month low of $42.10 and a 12-month high of $49.25.

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.