ProShares S&P 500 High Income ETF (BATS:ISPY) Short Interest Update

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 648 shares, a drop of 96.9% from the June 30th total of 21,004 shares. Based on an average daily trading volume, of 97,789 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

ProShares S&P 500 High Income ETF Stock Up 0.2%

ISPY traded up $0.09 during trading hours on Friday, hitting $47.39. The stock had a trading volume of 91,714 shares, compared to its average volume of 117,124. ProShares S&P 500 High Income ETF has a 1 year low of $42.10 and a 1 year high of $49.08. The company’s fifty day simple moving average is $47.98 and its 200 day simple moving average is $46.41. The stock has a market cap of $962.96 million, a PE ratio of 25.81 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings in shares of ProShares S&P 500 High Income ETF by 1.5% in the first quarter. NewEdge Advisors LLC now owns 15,894 shares of the company’s stock worth $689,000 after acquiring an additional 228 shares during the period. Chelsea Counsel Co. raised its stake in shares of ProShares S&P 500 High Income ETF by 71.4% during 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 raised its stake in shares of ProShares S&P 500 High Income ETF by 13.0% during the 3rd quarter. IFP Advisors Inc now owns 2,359 shares of the company’s stock valued at $106,000 after purchasing an additional 272 shares during the period. Captrust Financial Advisors lifted its holdings in ProShares S&P 500 High Income ETF by 1.2% during the 4th quarter. Captrust Financial Advisors now owns 24,034 shares of the company’s stock worth $1,097,000 after purchasing an additional 294 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in ProShares S&P 500 High Income ETF by 74.8% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 783 shares of the company’s stock worth $36,000 after purchasing an additional 335 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.