ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) Short Interest Up 182.5% in December

ProShares Nasdaq-100 High Income ETF (NASDAQ:IQQQ) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 95,831 shares, a growth of 182.5% from the November 30th total of 33,918 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 84,847 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 84,847 shares, the short-interest ratio is presently 1.1 days. Approximately 1.4% of the shares of the stock are sold short.

ProShares Nasdaq-100 High Income ETF Stock Down 0.0%

Shares of IQQQ opened at $45.13 on Friday. The stock has a market cap of $299.21 million, a PE ratio of 34.31 and a beta of 1.09. ProShares Nasdaq-100 High Income ETF has a 12-month low of $33.00 and a 12-month high of $46.72. The business has a 50-day simple moving average of $44.84 and a two-hundred day simple moving average of $42.99.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in ProShares Nasdaq-100 High Income ETF by 441.3% during the 2nd quarter. NewEdge Advisors LLC now owns 655 shares of the company’s stock worth $27,000 after buying an additional 534 shares during the period. Private Trust Co. NA bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the second quarter valued at $71,000. Aptus Capital Advisors LLC bought a new position in shares of ProShares Nasdaq-100 High Income ETF during the third quarter valued at $82,000. Brown Lisle Cummings Inc. acquired a new position in shares of ProShares Nasdaq-100 High Income ETF during the third quarter worth $104,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of ProShares Nasdaq-100 High Income ETF by 239.8% during the second quarter. SBI Securities Co. Ltd. now owns 2,467 shares of the company’s stock worth $101,000 after purchasing an additional 1,741 shares during the period.

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.