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

Posted by MarketBeat News on Sep 27th, 2024

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 8,200 shares, a drop of 32.8% from the August 31st total of 12,200 shares. Based on an average daily trading volume, of 36,100 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of ProShares Nasdaq-100 High Income ETF

Large investors have recently made changes to their positions in the company. SteelPeak Wealth LLC acquired a new position in ProShares Nasdaq-100 High Income ETF during the second quarter worth approximately $589,000. Sanctuary Advisors LLC acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the second quarter valued at approximately $642,000. Finally, PFG Investments LLC purchased a new position in shares of ProShares Nasdaq-100 High Income ETF during the second quarter worth approximately $896,000.

ProShares Nasdaq-100 High Income ETF Trading Up 0.7 %

Shares of IQQQ opened at $41.99 on Friday. ProShares Nasdaq-100 High Income ETF has a 1-year low of $37.27 and a 1-year high of $44.42. The stock has a market capitalization of $52.49 million, a PE ratio of 30.87 and a beta of 1.21. The company has a fifty day moving average of $40.66.

ProShares Nasdaq-100 High Income ETF Announces Dividend

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The company also recently announced a monthly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.8192 per share. This represents a $9.83 dividend on an annualized basis and a dividend yield of 23.41%. The ex-dividend date of this dividend was Tuesday, September 3rd.

About ProShares Nasdaq-100 High Income ETF

(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.