Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Decreases By 57.2%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 8,692 shares, a decrease of 57.2% from the July 30th total of 20,327 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 41,832 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Nasdaq-100 High Income ETF Stock Down 0.6%

IQQQ traded down $0.27 during trading on Friday, hitting $48.38. The company had a trading volume of 20,870 shares, compared to its average volume of 61,096. The company has a market capitalization of $404.94 million, a PE ratio of 34.31 and a beta of 1.22. ProShares Nasdaq-100 High Income ETF has a one year low of $40.43 and a one year high of $51.66. The firm’s 50-day moving average price is $48.45 and its 200 day moving average price is $46.84.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2386 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, August 3rd.

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

Several institutional investors have recently bought and sold shares of IQQQ. Royal Bank of Canada raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 163.0% in the first quarter. Royal Bank of Canada now owns 140,046 shares of the company’s stock valued at $5,441,000 after purchasing an additional 86,794 shares during the last quarter. Focus Partners Wealth boosted its holdings in ProShares Nasdaq-100 High Income ETF by 57.1% during the first quarter. Focus Partners Wealth now owns 11,000 shares of the company’s stock worth $427,000 after purchasing an additional 4,000 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in ProShares Nasdaq-100 High Income ETF by 441.3% during the second quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after purchasing an additional 534 shares during the last quarter. Raymond James Financial Inc. grew its position in ProShares Nasdaq-100 High Income ETF by 778.5% in the second quarter. Raymond James Financial Inc. now owns 726,316 shares of the company’s stock valued at $29,706,000 after purchasing an additional 643,640 shares in the last quarter. Finally, Bank of America Corp DE grew its position in ProShares Nasdaq-100 High Income ETF by 4,089.1% in the second quarter. Bank of America Corp DE now owns 275,768 shares of the company’s stock valued at $11,279,000 after purchasing an additional 269,185 shares in the last quarter.

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.