ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Sees Large Increase in Short Interest

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 95,831 shares, a growth of 182.5% from the November 30th total of 33,918 shares. Based on an average trading volume of 84,847 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.4% of the company’s shares are short sold. Currently, 1.4% of the company’s shares are short sold. Based on an average trading volume of 84,847 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On ProShares Nasdaq-100 High Income ETF

A number of hedge funds have recently made changes to their positions in IQQQ. NewEdge Advisors LLC boosted its position in ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after purchasing an additional 534 shares during the period. City Center Advisors LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 10.6% in the second quarter. City Center Advisors LLC now owns 5,912 shares of the company’s stock valued at $242,000 after buying an additional 566 shares in the last quarter. CAP Partners LLC raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 8.8% during the 2nd quarter. CAP Partners LLC now owns 8,177 shares of the company’s stock valued at $334,000 after buying an additional 664 shares during the period. Creative Planning lifted its position in ProShares Nasdaq-100 High Income ETF by 5.5% during the 3rd quarter. Creative Planning now owns 13,408 shares of the company’s stock worth $591,000 after acquiring an additional 695 shares in the last quarter. Finally, Private Trust Co. NA acquired a new stake in ProShares Nasdaq-100 High Income ETF in the second quarter valued at approximately $71,000.

ProShares Nasdaq-100 High Income ETF Trading Down 0.0%

Shares of ProShares Nasdaq-100 High Income ETF stock traded down $0.01 during trading hours on Friday, reaching $45.13. The stock had a trading volume of 38,434 shares, compared to its average volume of 59,145. The firm has a market capitalization of $299.21 million, a price-to-earnings ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a 1 year low of $33.00 and a 1 year high of $46.72. The firm has a 50 day simple moving average of $44.84 and a two-hundred day simple moving average of $42.97.

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.