Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Increases By 19.4%

Posted by John Perry on Mar 20th, 2025

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 74,400 shares, an increase of 19.4% from the February 13th total of 62,300 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 2.6 days.

ProShares Nasdaq-100 High Income ETF Price Performance

IQQQ traded up $0.20 on Thursday, reaching $40.13. 1,948 shares of the company traded hands, compared to its average volume of 29,957. The company has a market cap of $93.10 million, a price-to-earnings ratio of 31.66 and a beta of 1.21. The stock’s 50 day moving average price is $42.34 and its 200-day moving average price is $42.31. ProShares Nasdaq-100 High Income ETF has a 52-week low of $37.27 and a 52-week high of $45.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a dividend of $0.2771 per share. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IQQQ. LPL Financial LLC grew its stake in shares of ProShares Nasdaq-100 High Income ETF by 192.9% in the 4th quarter. LPL Financial LLC now owns 143,433 shares of the company’s stock valued at $6,123,000 after buying an additional 94,455 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of ProShares Nasdaq-100 High Income ETF by 136.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 135,045 shares of the company’s stock valued at $5,765,000 after purchasing an additional 77,862 shares in the last quarter. Masso Torrence Wealth Management Inc. bought a new stake in ProShares Nasdaq-100 High Income ETF in the fourth quarter worth $3,465,000. Raymond James Financial Inc. bought a new position in ProShares Nasdaq-100 High Income ETF during the fourth quarter valued at about $3,070,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of ProShares Nasdaq-100 High Income ETF by 27.4% during the 4th quarter. Sanctuary Advisors LLC now owns 58,763 shares of the company’s stock valued at $2,549,000 after acquiring an additional 12,640 shares during the last quarter.

ProShares Nasdaq-100 High Income ETF Company Profile

(Get Free Report)

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.