ProShares S&P 500 High Income ETF (BATS:ISPY) Short Interest Down 55.5% in June

ProShares S&P 500 High Income ETF (BATS:ISPY) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 24,159 shares, a decrease of 55.5% from the May 31st total of 54,305 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 102,718 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On ProShares S&P 500 High Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Advisors LLC boosted its holdings in ProShares S&P 500 High Income ETF by 3.7% in the 4th quarter. Capital Investment Advisors LLC now owns 784,615 shares of the company’s stock valued at $35,802,000 after purchasing an additional 27,896 shares during the period. Sherman Wealth Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the 4th quarter worth about $650,000. Prosperity Financial Group Inc. increased its holdings in shares of ProShares S&P 500 High Income ETF by 27.8% during the 4th quarter. Prosperity Financial Group Inc. now owns 143,472 shares of the company’s stock worth $6,547,000 after purchasing an additional 31,217 shares during the period. PFG Investments LLC raised its position in shares of ProShares S&P 500 High Income ETF by 16.1% during the fourth quarter. PFG Investments LLC now owns 138,930 shares of the company’s stock valued at $6,339,000 after buying an additional 19,262 shares during the last quarter. Finally, PMG Family Office LLC acquired a new position in shares of ProShares S&P 500 High Income ETF during the third quarter valued at about $1,470,000.

ProShares S&P 500 High Income ETF Price Performance

Shares of ISPY opened at $48.19 on Wednesday. The company has a market capitalization of $979.22 million, a PE ratio of 25.81 and a beta of 0.87. ProShares S&P 500 High Income ETF has a one year low of $42.06 and a one year high of $49.08. The company’s fifty day moving average price is $47.65 and its 200 day moving average price is $46.14.

ProShares S&P 500 High Income ETF Company Profile

The ProShares S&P 500 High Income ETF (ISPY) is an exchange-traded fund that is based on the S&P 500 Daily Covered Call index. The fund tracks an index pursuing a daily covered call writing strategy on the stocks of the S&P 500 Index. The fund seeks generate a high level of income combined with the performance returns of the S&P 500 Index over the long term. ISPY was launched on Dec 18, 2023 and is issued by ProShares.