Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Grows By 216.1%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 27,473 shares, a growth of 216.1% from the August 15th total of 8,692 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 43,036 shares, the days-to-cover ratio is currently 0.6 days.

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

Hedge funds have recently made changes to their positions in the business. Cary Street Partners Financial LLC raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 5.4% during the fourth quarter. Cary Street Partners Financial LLC now owns 6,640 shares of the company’s stock valued at $295,000 after acquiring an additional 340 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of ProShares Nasdaq-100 High Income ETF by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,856 shares of the company’s stock valued at $394,000 after buying an additional 398 shares during the period. NewEdge Advisors LLC increased its position in shares of ProShares Nasdaq-100 High Income ETF by 441.3% during the second quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after buying an additional 534 shares during the period. CAP Partners LLC increased its position in shares of ProShares Nasdaq-100 High Income ETF by 6.5% during the first quarter. CAP Partners LLC now owns 8,952 shares of the company’s stock valued at $373,000 after buying an additional 550 shares during the period. Finally, Creative Planning raised its stake in ProShares Nasdaq-100 High Income ETF by 5.5% in the third quarter. Creative Planning now owns 13,408 shares of the company’s stock worth $591,000 after buying an additional 695 shares in the last quarter.

ProShares Nasdaq-100 High Income ETF Price Performance

NASDAQ:IQQQ traded up $0.40 during mid-day trading on Friday, reaching $48.04. 24,740 shares of the company’s stock traded hands, compared to its average volume of 60,127. ProShares Nasdaq-100 High Income ETF has a 12-month low of $40.43 and a 12-month high of $51.66. The firm has a market capitalization of $402.09 million, a price-to-earnings ratio of 34.31 and a beta of 1.22. The company has a 50 day moving average price of $48.17 and a 200-day moving average price of $47.13.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st were given a $0.2296 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Tuesday, September 1st.

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.