ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Update

Posted by Kyle Jackson on Nov 13th, 2024

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 553,900 shares, an increase of 3,943.1% from the October 15th total of 13,700 shares. Based on an average trading volume of 65,300 shares, the short-interest ratio is presently 8.5 days.

ProShares Nasdaq-100 High Income ETF Price Performance

IQQQ opened at $43.33 on Wednesday. The stock’s 50 day simple moving average is $41.47 and its 200 day simple moving average is $41.41. The stock has a market cap of $71.49 million, a P/E ratio of 30.87 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a 1-year low of $37.27 and a 1-year high of $44.42.

ProShares Nasdaq-100 High Income ETF Announces Dividend

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

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

A number of large investors have recently bought and sold shares of IQQQ. PFG Investments LLC boosted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 39.1% during the third quarter. PFG Investments LLC now owns 29,221 shares of the company’s stock worth $1,222,000 after purchasing an additional 8,216 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 64.4% during the third quarter. SteelPeak Wealth LLC now owns 22,685 shares of the company’s stock worth $949,000 after purchasing an additional 8,885 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the second quarter worth $642,000. City Center Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth $252,000. Finally, Maia Wealth LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth $234,000.

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.