Short Interest in ProShares S&P 500 High Income ETF (BATS:ISPY) Drops By 96.9%

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 648 shares, a decrease of 96.9% from the June 30th total of 21,004 shares. Based on an average daily volume of 97,789 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

ProShares S&P 500 High Income ETF Trading Up 0.2%

Shares of ISPY traded up $0.09 during mid-day trading on Friday, reaching $47.39. 91,714 shares of the stock traded hands, compared to its average volume of 117,124. The firm has a fifty day moving average price of $47.98 and a 200 day moving average price of $46.41. The company has a market cap of $962.96 million, a price-to-earnings ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a 1 year low of $42.10 and a 1 year high of $49.08.

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

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its stake in ProShares S&P 500 High Income ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock worth $50,493,000 after acquiring an additional 42,316 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in shares of ProShares S&P 500 High Income ETF by 5.6% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock valued at $12,108,000 after acquiring an additional 14,856 shares during the last quarter. Chelsea Counsel Co. boosted its position in shares of ProShares S&P 500 High Income ETF by 71.4% during the 1st quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of ProShares S&P 500 High Income ETF by 1.5% during the first quarter. NewEdge Advisors LLC now owns 15,894 shares of the company’s stock worth $689,000 after purchasing an additional 228 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of ProShares S&P 500 High Income ETF during the first quarter worth about $57,000.

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.