ProShares S&P 500 High Income ETF
ISPY

$44.32

0.2%

Market Cap: $254M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,700% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 1

250% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 4

192% more capital invested

Capital invested by funds: $54.6M [Q1] → $159M (+$105M) [Q2]

74% more funds holding

Funds holding: 23 [Q1] → 40 (+17) [Q2]

1.86% more ownership

Funds ownership: 79.76% [Q1] → 81.61% (+1.86%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for ISPY.

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Financial journalist opinion

ISPY: Daily Covered-Call Fund Outperforms In Rising Markets

The ProShares S&P 500 High Income ETF sells daily covered calls on the S&P 500 Index to generate high distribution yields for investors. ISPY has outperformed the more well-known JEPI ETF since its inception, as its use of daily call options effectively resets its performance cap daily, allowing ISPY to capture more upside. However, by the same token, the ISPY ETF should underperform in down markets, as it receives less option premium to cushion drawdowns.

ISPY: Daily Covered-Call Fund Outperforms In Rising Markets

ISPY Vs. JEPI For Large-Cap Exposure And Higher Income

ProShares S&P 500 High Income ETF (ISPY) offers enhanced income compared to SPDR S&P 500 ETF (SPY). That ETF is reviewed in detail. JPMorgan Equity Premium Income ETF (JEPI) would be considered a competitor and is well known. I also review this ETF. ISPY started in late 2023 and has outperformed JEPI so far in 2024. While a few months doesn't mean long-term outperformance, I still give the ISPY ETF a Buy rating.

ISPY Vs. JEPI For Large-Cap Exposure And Higher Income

ISPY: S&P 500 With A Covered Call Overlay (Through Swaps)

ProShares S&P 500 High Income ETF uses covered call strategies to enhance yield and provide exposure to the S&P 500 Index. The ISPY fund has a yield of 3.46%, higher than the S&P 500 ETF's yield of 1.27%. ISPY may underperform in bull markets but can provide downside protection in a bear market.

ISPY: S&P 500 With A Covered Call Overlay (Through Swaps)

ProShares Launches Covered Call ETF ISPY

ProShares launched the ProShares S&P 500 High Income ETF (ISPY) on the Cboe BZX Wednesday. With ISPY, investors can seek high income and target S&P 500 returns over the long term.

ProShares Launches Covered Call ETF ISPY

ProShares Launches S&P 500 High Income ETF

BETHESDA, Md.--(BUSINESS WIRE)--ProShares launched the ProShares S&P 500 High Income ETF (CBOE: ISPY), the first ETF powered by a daily call options strategy.

ProShares Launches S&P 500 High Income ETF

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