ProShares S&P 500 High Income ETF (BATS:ISPY – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $47.03 and traded as low as $46.84. ProShares S&P 500 High Income ETF shares last traded at $46.83, with a volume of 41,076 shares changing hands.
ProShares S&P 500 High Income ETF Price Performance
The company has a fifty day moving average of $48.10 and a 200-day moving average of $47.03. The firm has a market cap of $1.13 billion, a P/E ratio of 25.49 and a beta of 0.86.
Hedge Funds Weigh In On ProShares S&P 500 High Income ETF
A number of hedge funds have recently bought and sold shares of ISPY. Chelsea Counsel Co. increased its stake in ProShares S&P 500 High Income ETF by 71.4% in the 1st quarter. Chelsea Counsel Co. now owns 600 shares of the company’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of ProShares S&P 500 High Income ETF during the 1st quarter worth approximately $57,000. IFP Advisors Inc lifted its position in shares of ProShares S&P 500 High Income ETF by 10.8% during the 3rd quarter. IFP Advisors Inc now owns 2,743 shares of the company’s stock worth $131,000 after buying an additional 267 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of ProShares S&P 500 High Income ETF in the 1st quarter worth approximately $210,000. Finally, Maia Wealth LLC boosted its stake in shares of ProShares S&P 500 High Income ETF by 28.5% in the 3rd quarter. Maia Wealth LLC now owns 6,800 shares of the company’s stock worth $325,000 after buying an additional 1,507 shares during the last quarter.
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.
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