ProShares S&P 500 High Income ETF (BATS:ISPY) Sees Large Growth in Short Interest

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,901 shares, an increase of 327.2% from the September 30th total of 3,254 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 68,671 shares, the short-interest ratio is presently 0.2 days.

ProShares S&P 500 High Income ETF Stock Down 0.3%

Shares of BATS:ISPY opened at $48.11 on Friday. The business’s 50 day moving average is $48.15 and its 200 day moving average is $47.02. ProShares S&P 500 High Income ETF has a 12-month low of $42.10 and a 12-month high of $49.25. The stock has a market cap of $977.60 million, a price-to-earnings ratio of 25.81 and a beta of 0.87.

Institutional Investors Weigh In On ProShares S&P 500 High Income ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in ProShares S&P 500 High Income ETF by 4.5% in the first quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after acquiring an additional 61,472 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in ProShares S&P 500 High Income ETF by 4.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock valued at $50,493,000 after acquiring an additional 42,316 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of ProShares S&P 500 High Income ETF by 2.1% in the first quarter. Sanctuary Advisors LLC now owns 318,448 shares of the company’s stock worth $13,805,000 after buying an additional 6,528 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of ProShares S&P 500 High Income ETF by 5.6% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock valued at $12,108,000 after purchasing an additional 14,856 shares in the last quarter. Finally, Bernardo Wealth Planning LLC raised its holdings in shares of ProShares S&P 500 High Income ETF by 85.1% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 99,298 shares of the company’s stock worth $4,746,000 after acquiring an additional 45,662 shares in the last quarter.

ProShares S&P 500 High Income ETF Company Profile

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.