Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Declines By 87.1%

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 71,500 shares, a decline of 87.1% from the October 31st total of 553,900 shares. Based on an average daily volume of 55,500 shares, the days-to-cover ratio is presently 1.3 days.

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

Large investors have recently made changes to their positions in the company. Maia Wealth LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at about $234,000. City Center Advisors LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at about $252,000. SteelPeak Wealth LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at approximately $589,000. Sanctuary Advisors LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at approximately $642,000. Finally, Jane Street Group LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at approximately $810,000.

ProShares Nasdaq-100 High Income ETF Trading Up 0.9 %

NASDAQ:IQQQ traded up $0.40 during mid-day trading on Friday, reaching $43.23. The company’s stock had a trading volume of 10,675 shares, compared to its average volume of 30,922. ProShares Nasdaq-100 High Income ETF has a 12-month low of $37.27 and a 12-month high of $44.42. The firm’s fifty day moving average price is $42.14 and its two-hundred day moving average price is $41.65. The stock has a market cap of $71.33 million, a P/E ratio of 30.87 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1046 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.90%.

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.