ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Sees Large Decline in Short Interest

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 46,074 shares, a decline of 49.0% from the December 31st total of 90,417 shares. Based on an average daily volume of 66,898 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 66,898 shares, the short-interest ratio is presently 0.7 days.

ProShares Nasdaq-100 High Income ETF Price Performance

ProShares Nasdaq-100 High Income ETF stock opened at $45.87 on Thursday. ProShares Nasdaq-100 High Income ETF has a one year low of $33.00 and a one year high of $46.72. The company’s fifty day moving average price is $44.80 and its two-hundred day moving average price is $43.78. The company has a market capitalization of $364.67 million, a price-to-earnings ratio of 34.31 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in 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 worth $27,000 after purchasing an additional 534 shares during the period. Private Trust Co. NA bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at approximately $71,000. Aptus Capital Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the third quarter worth $82,000. Brown Lisle Cummings Inc. bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter worth $104,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 239.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,467 shares of the company’s stock worth $101,000 after buying an additional 1,741 shares during the period.

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.