ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Trading Down 0.5% – Here’s Why

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ)’s stock price fell 0.5% on Thursday . The company traded as low as $43.56 and last traded at $43.74. 44,163 shares were traded during mid-day trading, a decline of 38% from the average session volume of 71,769 shares. The stock had previously closed at $43.94.

ProShares Nasdaq-100 High Income ETF Stock Down 0.5%

The company has a market capitalization of $348.61 million, a PE ratio of 34.31 and a beta of 1.09. The business’s 50 day simple moving average is $44.66 and its 200 day simple moving average is $44.07.

ProShares Nasdaq-100 High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were given a $0.2249 dividend. This is a boost from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Trading of ProShares Nasdaq-100 High Income ETF

Several large investors have recently added to or reduced their stakes in IQQQ. Cary Street Partners Financial LLC grew its stake in ProShares Nasdaq-100 High Income ETF by 5.4% in the fourth quarter. Cary Street Partners Financial LLC now owns 6,640 shares of the company’s stock valued at $295,000 after purchasing an additional 340 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 4.7% during the 4th 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 last quarter. NewEdge Advisors LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 441.3% in the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock valued at $27,000 after buying an additional 534 shares in the last quarter. CAP Partners LLC increased its holdings in ProShares Nasdaq-100 High Income ETF by 8.8% in the second quarter. CAP Partners LLC now owns 8,177 shares of the company’s stock worth $334,000 after buying an additional 664 shares during the last quarter. Finally, Creative Planning raised its position in ProShares Nasdaq-100 High Income ETF by 5.5% during the third quarter. Creative Planning now owns 13,408 shares of the company’s stock valued at $591,000 after acquiring an additional 695 shares in the last quarter.

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.