Short Interest in ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Expands By 3,943.1%

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IQQQ. Maia Wealth LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at about $234,000. City Center Advisors LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 3rd quarter valued at about $252,000. SteelPeak Wealth LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $589,000. Sanctuary Advisors LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $642,000. Finally, PFG Investments LLC bought a new stake in ProShares Nasdaq-100 High Income ETF during the 2nd quarter valued at about $896,000.

ProShares Nasdaq-100 High Income ETF Stock Performance

Shares of ProShares Nasdaq-100 High Income ETF stock traded down $0.12 during trading on Tuesday, hitting $43.28. The company’s stock had a trading volume of 10,133 shares, compared to its average volume of 31,765. The company has a fifty day simple moving average of $41.40 and a two-hundred day simple moving average of $41.39. The company has a market capitalization of $71.41 million, a PE ratio of 30.87 and a beta of 1.21. ProShares Nasdaq-100 High Income ETF has a 52 week low of $37.27 and a 52 week high of $44.42.

ProShares Nasdaq-100 High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.1046 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.26 annualized dividend and a dividend yield of 2.90%.

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.