ProShares S&P 500 High Income ETFISPY
ISPY
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
267% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 6
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
18% more funds holding
Funds holding: 39 [Q2] → 46 (+7) [Q3]
17% more capital invested
Capital invested by funds: $165M [Q2] → $193M (+$27.8M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
14.62% less ownership
Funds ownership: 84.7% [Q2] → 70.08% (-14.62%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for ISPY.
Financial journalist opinion
Positive
MarketBeat
9 hours ago
2 ETFs to Maximize Gains With Covered Call Strategies
A potentially fruitful stock options strategy known as writing covered calls can be performed on stocks you own to collect additional income during every options expiration period. It can be lucrative to compound the gains.
Negative
Seeking Alpha
1 week ago
ISPY: An Income Play For A Volatile 2025
I rate ISPY as a Strong Buy due to anticipated 2025 volatility, which will increase option premiums and dividend distributions for income investors. The S&P 500 appears overvalued, with growth driven by mega large-caps like Nvidia struggling to meet lofty expectations, suggesting limited room for further growth. Trump's unpredictable policies and fewer Fed rate cuts are expected to elevate market volatility, benefiting funds like ISPY that capitalize on such conditions.
Positive
Seeking Alpha
2 months ago
ISPY: Outperforming The Buy-Write Crowd
ISPY employs a covered call strategy on the S&P 500, generating income through option premiums but capping upside potential in rising markets. The fund has a distinctive strategy by writing daily OTM calls, instead of monthly ATM calls like most other covered call funds. The fund has been outperforming other competing covered call ETFs.
Positive
Seeking Alpha
3 months ago
ISPY: Daily Covered Calls Provide Superior Upsides Compared To Monthly
ISPY's daily call options strategy offers superior upside potential compared to monthly options. Compared to other S&P 500 covered call funds, ISPY has one of the best balances of capital appreciation and yields with tax-efficient distributions and reasonable management expenses. Despite minimal downside protection and third-party risk, ISPY's predictable performance and sustainable distributions make it potentially the best S&P 500 covered call fund on the market.
Positive
Seeking Alpha
3 months ago
ISPY: A New Spin On Covered Call ETFs From ProShares Yielding Over 9%
ISPY's daily call option strategy has outperformed traditional monthly covered call ETFs, showing an 11.24% gain and a 19.81% ROI in 2024. ISPY invests 80% in S&P 500 companies and uses daily call options, generating high income and closely mimicking market returns. Despite market risks, ISPY's strategy offers high-single digit yields, making it an attractive option for income-focused investors.
Positive
Seeking Alpha
5 months ago
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.
Positive
Seeking Alpha
7 months ago
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.
Positive
Seeking Alpha
8 months ago
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.
Positive
ETF Trends
1 year ago
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.
Neutral
Business Wire
1 year ago
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.
Charts implemented using Lightweight Charts™