ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Update

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 38,400 shares, a decline of 29.0% from the August 31st total of 54,100 shares. Based on an average daily volume of 72,900 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 72,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On ProShares Nasdaq-100 High Income ETF

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. lifted its stake in ProShares Nasdaq-100 High Income ETF by 4,043.2% in the second quarter. Osaic Holdings Inc. now owns 39,195 shares of the company’s stock valued at $1,603,000 after purchasing an additional 38,249 shares during the last quarter. Bank of America Corp DE lifted its position in shares of ProShares Nasdaq-100 High Income ETF by 4,089.1% during the 2nd quarter. Bank of America Corp DE now owns 275,768 shares of the company’s stock valued at $11,279,000 after buying an additional 269,185 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 778.5% during the 2nd quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock worth $29,706,000 after acquiring an additional 643,640 shares during the period. NewEdge Advisors LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after acquiring an additional 534 shares during the period. Finally, Level Four Advisory Services LLC bought a new stake in ProShares Nasdaq-100 High Income ETF in the 2nd quarter valued at about $236,000.

ProShares Nasdaq-100 High Income ETF Stock Performance

NASDAQ IQQQ opened at $44.19 on Monday. ProShares Nasdaq-100 High Income ETF has a 52-week low of $33.00 and a 52-week high of $45.21. The company has a 50-day simple moving average of $42.57 and a 200 day simple moving average of $39.95. The company has a market capitalization of $267.35 million, a PE ratio of 34.31 and a beta of 1.21.

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.