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

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) saw a significant increase in short interest during 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. Based on an average daily trading volume, of 28,300 shares, the short-interest ratio is presently 2.6 days. Currently, 3.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IQQQ. LPL Financial LLC grew its position in 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. Masso Torrence Wealth Management Inc. acquired a new stake in shares of ProShares Nasdaq-100 High Income ETF in the 4th quarter worth approximately $3,465,000. Steward Partners Investment Advisory LLC lifted its stake in shares of ProShares Nasdaq-100 High Income ETF by 136.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 135,045 shares of the company’s stock worth $5,765,000 after acquiring an additional 77,862 shares during the period. Raymond James Financial Inc. bought a new position in shares of ProShares Nasdaq-100 High Income ETF in the fourth quarter valued at approximately $3,070,000. Finally, Eldridge Investment Advisors Inc. acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the fourth quarter valued at approximately $2,052,000.

ProShares Nasdaq-100 High Income ETF Price Performance

Shares of NASDAQ IQQQ traded down $0.60 during midday trading on Tuesday, hitting $39.45. 13,645 shares of the company’s stock were exchanged, compared to its average volume of 30,093. ProShares Nasdaq-100 High Income ETF has a twelve month low of $37.27 and a twelve month high of $45.21. The firm has a market cap of $91.52 million, a P/E ratio of 31.66 and a beta of 1.21. The stock’s 50 day moving average price is $42.40 and its 200-day moving average price is $42.32.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

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

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.