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

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 7,708 shares, a decline of 71.9% from the August 31st total of 27,473 shares. Based on an average daily volume of 42,416 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

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

A number of large investors have recently modified their holdings of the stock. Wick Capital Partners LLC boosted its stake in ProShares Nasdaq-100 High Income ETF by 430.1% in the 4th quarter. Wick Capital Partners LLC now owns 87,578 shares of the company’s stock worth $3,895,000 after purchasing an additional 71,056 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter worth $2,974,000. SageGuard Financial Group LLC lifted its position in shares of ProShares Nasdaq-100 High Income ETF by 68.1% during the 1st quarter. SageGuard Financial Group LLC now owns 69,441 shares of the company’s stock valued at $2,895,000 after buying an additional 28,136 shares in the last quarter. Royal Bank of Canada boosted its position in shares of ProShares Nasdaq-100 High Income ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 453,905 shares of the company’s stock worth $18,924,000 after purchasing an additional 20,268 shares during the period. Finally, Lido Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 1st quarter worth $819,000.

ProShares Nasdaq-100 High Income ETF Trading Up 0.4%

IQQQ opened at $49.13 on Friday. The stock has a market capitalization of $410.73 million, a P/E ratio of 34.31 and a beta of 1.22. The stock has a 50-day moving average price of $48.08 and a 200-day moving average price of $47.44. ProShares Nasdaq-100 High Income ETF has a 12-month low of $40.43 and a 12-month high of $51.66.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.2296 per share. The ex-dividend date was Tuesday, September 1st. This is a decrease from ProShares Nasdaq-100 High Income ETF’s previous monthly dividend of $0.2386. This represents a $2.76 dividend on an annualized basis and a yield of 5.6%.

ProShares Nasdaq-100 High Income ETF Company Profile

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.