ProShares S&P 500 High Income ETF (BATS:ISPY) Stock Short Interest Report for October

ProShares S&P 500 High Income ETF (BATS:ISPY) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 3,504 shares, a drop of 74.8% from the October 15th total of 13,901 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 52,364 shares, the days-to-cover ratio is currently 0.1 days.

ProShares S&P 500 High Income ETF Trading Up 1.1%

Shares of BATS ISPY opened at $47.41 on Thursday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 25.49 and a beta of 0.86. ProShares S&P 500 High Income ETF has a twelve month low of $42.10 and a twelve month high of $49.25. The business has a 50 day simple moving average of $47.88 and a 200-day simple moving average of $47.06.

Hedge Funds Weigh In On ProShares S&P 500 High Income ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. acquired a new stake in shares of ProShares S&P 500 High Income ETF during the third quarter worth $1,773,000. Zhang Financial LLC bought a new position in shares of ProShares S&P 500 High Income ETF in the 1st quarter worth about $646,000. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of ProShares S&P 500 High Income ETF by 5.6% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 279,318 shares of the company’s stock valued at $12,108,000 after buying an additional 14,856 shares during the period. Bank of America Corp DE boosted its holdings in shares of ProShares S&P 500 High Income ETF by 4.5% in the 1st quarter. Bank of America Corp DE now owns 1,436,711 shares of the company’s stock valued at $62,281,000 after buying an additional 61,472 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of ProShares S&P 500 High Income ETF by 4.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 1,047,800 shares of the company’s stock valued at $50,493,000 after buying an additional 42,316 shares during the period.

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.