ProShares S&P 500 High Income ETF (BATS:ISPY) Short Interest Up 1,169.9% in August

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 10,223 shares, an increase of 1,169.9% from the July 30th total of 805 shares. Based on an average daily volume of 70,005 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

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

BATS ISPY traded up $0.09 on Tuesday, reaching $48.38. The company had a trading volume of 235,186 shares, compared to its average volume of 111,956. ProShares S&P 500 High Income ETF has a 52 week low of $42.10 and a 52 week high of $49.25. The stock’s 50 day moving average is $48.07 and its 200-day moving average is $46.73. The stock has a market cap of $983.08 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

Large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. grew its position in shares of 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 valued at $50,493,000 after purchasing an additional 42,316 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake 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 worth $12,108,000 after acquiring an additional 14,856 shares in the last quarter. Chelsea Counsel Co. raised its holdings in shares of ProShares S&P 500 High Income ETF by 71.4% in the first quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of ProShares S&P 500 High Income ETF by 1.5% in the first quarter. NewEdge Advisors LLC now owns 15,894 shares of the company’s stock valued at $689,000 after purchasing an additional 228 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of ProShares S&P 500 High Income ETF in the first quarter worth $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.