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

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

ProShares Nasdaq-100 High Income ETF Stock Performance

IQQQ stock traded up $0.48 during trading on Wednesday, hitting $39.93. 23,457 shares of the company traded hands, compared to its average volume of 30,066. The firm has a market capitalization of $92.64 million, a PE ratio of 31.66 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 $45.21. The company has a 50-day moving average of $42.40 and a 200-day moving average of $42.32.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

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

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

Several institutional investors have recently bought and sold shares of IQQQ. SBI Securities Co. Ltd. purchased a new stake in ProShares Nasdaq-100 High Income ETF during the 4th quarter valued at about $51,000. Aptus Capital Advisors LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $79,000. Pitti Group Wealth Management LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $237,000. Focus Partners Wealth purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $299,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $406,000.

About ProShares Nasdaq-100 High Income ETF

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.