ProShares S&P 500 High Income ETF (BATS:ISPY) Stock Short Interest Falls 82.0%

ProShares S&P 500 High Income ETF (BATS:ISPY) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,117 shares, a decline of 82.0% from the August 31st total of 11,769 shares. Based on an average trading volume of 158,837 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ISPY. World Investment Advisors acquired a new stake in shares of ProShares S&P 500 High Income ETF in the first quarter valued at approximately $464,000. Zhang Financial LLC purchased a new stake in shares of ProShares S&P 500 High Income ETF in the first quarter valued at approximately $646,000. Essex Financial Services Inc. increased its holdings in shares of ProShares S&P 500 High Income ETF by 203.0% in the 4th quarter. Essex Financial Services Inc. now owns 55,833 shares of the company’s stock valued at $2,548,000 after purchasing an additional 37,406 shares in the last quarter. Bank of America Corp DE lifted its position in shares of ProShares S&P 500 High Income ETF by 4.5% during the 1st 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. Finally, Pine Valley Investments Ltd Liability Co grew its holdings 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 worth $12,108,000 after buying an additional 14,856 shares in the last quarter.

ProShares S&P 500 High Income ETF Trading Up 0.5%

Shares of ISPY stock opened at $48.35 on Friday. ProShares S&P 500 High Income ETF has a 12 month low of $42.10 and a 12 month high of $49.25. The company has a market cap of $982.47 million, a P/E ratio of 25.81 and a beta of 0.87. The firm has a fifty day moving average price of $48.22 and a 200 day moving average price of $47.15.

About ProShares S&P 500 High Income ETF

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.