ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Down 55.0% in December

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 54,800 shares, a decline of 55.0% from the November 30th total of 121,900 shares. Based on an average daily trading volume, of 45,600 shares, the days-to-cover ratio is currently 1.2 days.

ProShares Nasdaq-100 High Income ETF Stock Down 1.5 %

ProShares Nasdaq-100 High Income ETF stock traded down $0.65 during mid-day trading on Friday, reaching $43.57. The company had a trading volume of 18,996 shares, compared to its average volume of 30,328. The company has a 50 day moving average of $43.09 and a 200-day moving average of $42.07. ProShares Nasdaq-100 High Income ETF has a 52 week low of $37.27 and a 52 week high of $45.21. The firm has a market cap of $71.89 million, a price-to-earnings ratio of 30.87 and a beta of 1.21.

ProShares Nasdaq-100 High Income ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.1648 dividend. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in ProShares Nasdaq-100 High Income ETF by 58.7% during the third quarter. JPMorgan Chase & Co. now owns 47,599 shares of the company’s stock worth $1,991,000 after buying an additional 17,599 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in ProShares Nasdaq-100 High Income ETF by 184.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 46,123 shares of the company’s stock valued at $1,979,000 after purchasing an additional 29,919 shares in the last quarter. Jane Street Group LLC bought a new position in ProShares Nasdaq-100 High Income ETF in the 3rd quarter valued at $810,000. Maia Wealth LLC bought a new stake in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth $234,000. Finally, SteelPeak Wealth LLC increased its stake in shares of ProShares Nasdaq-100 High Income ETF by 64.4% in the third quarter. SteelPeak Wealth LLC now owns 22,685 shares of the company’s stock valued at $949,000 after buying an additional 8,885 shares in the last quarter.

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.