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

by · The Cerbat Gem

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 553,900 shares, an increase of 3,943.1% from the October 15th total of 13,700 shares. Based on an average daily volume of 65,300 shares, the short-interest ratio is presently 8.5 days.

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of NASDAQ:IQQQ opened at $43.33 on Wednesday. ProShares Nasdaq-100 High Income ETF has a 12 month low of $37.27 and a 12 month high of $44.42. The stock has a market cap of $71.49 million, a price-to-earnings ratio of 30.87 and a beta of 1.21. The stock’s 50 day moving average price is $41.47 and its 200 day moving average price is $41.41.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.1046 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.26 annualized dividend and a dividend yield of 2.90%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IQQQ. Maia Wealth LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the third quarter valued at $234,000. City Center Advisors LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the third quarter valued at $252,000. SteelPeak Wealth LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at $589,000. Sanctuary Advisors LLC purchased a new position in ProShares Nasdaq-100 High Income ETF during the 2nd quarter worth approximately $642,000. Finally, PFG Investments LLC purchased a new position in ProShares Nasdaq-100 High Income ETF during the 2nd quarter worth approximately $896,000.

About ProShares Nasdaq-100 High Income ETF

(Get Free Report)

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.

Recommended Stories