Zacks Investment ResearchT3·29mo ago
IQQQ ProShares Nasdaq-100 High Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
IQQQ
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Key stats
About
ProShares Nasdaq-100 High Income ETF (IQQQ) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2024-03-18
- Has Options
- No
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
Sells options for income. Distributions can exceed what the strategy earns, in which case part of the payout is the fund's own capital. Compare the distribution rate with the price change in the ETF lab.
- Expense ratio
- 0.55% prospectus, filed Apr 7, 2026
- Assets
- $430M SEC filing, May 31, 2026
- Trailing yield
- 6.25% paid monthly
- Average daily volume
- $2.3M 30 sessions
- Holdings
- 106 top 10 are 146.8%
- Listed
- Mar 18, 2024 Nasdaq
- Last fee change
- -40 bp filed Jan 30, 2026
- Tracking difference
- -0.90 pts vs index, after fees, FY 2026
Cost81
Liquidity45
Scale58
Diversification7
Moves with. US large-cap stocks (56% of its variance, beta 0.91); Value over growth (20% of its variance, beta -0.32); Emerging markets over US (10% of its variance, beta 0.20). These factors explain 90% of its daily moves over the last year.
Stated objective. ProShares Nasdaq-100 High Income ETF (the Fund) seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Daily Covered Call Index (the Index). (from the fund's prospectus)
All 106 holdingsFlow historySimilar fundsOverlap toolAll Covered Call ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$8.8M latest reported month
- Latest 3 months
- +$9.5M +2.2% of assets
- Latest 12 months
- +$194M +45.1% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$8.8M |
| Apr 2026 | +$2.6M |
| Mar 2026 | −$1.9M |
| Feb 2026 | +$10M |
| Jan 2026 | +$12M |
| Dec 2025 | +$40M |
| Nov 2025 | +$7.5M |
| Oct 2025 | +$26M |
| Sep 2025 | +$24M |
| Aug 2025 | +$7.1M |
| Jul 2025 | +$24M |
| Jun 2025 | +$33M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 27 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| QYLGGlobal X Nasdaq 100 Covered Call & Growth ETF | 86% | 0.35% | $158M | +0.6% | compare |
| QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF | 86% | 0.60% | $8.4B | +6.5% | compare |
| QTRGlobal X NASDAQ 100 Tail Risk ETF | 86% | 0.25% | $2.9M | −5.5% | compare |
| QRMIGlobal X NASDAQ 100 Risk Managed Income ETF | 86% | 0.60% | $14M | −6.2% | compare |
| IQQiShares Nasdaq 100 ETF | 86% | 0.10% | $726M | — | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 21, 2026issuer data- Holdings vs fair value
- −1.1% 21% under, 33% over · 100% covered
- Price / earnings
- 32.0 5% loss-making · 95% covered
- Price / book · sales
- 8.8 · 6.2 revenue growth +16.6%
- Above 200-day average
- 70% 58% above 50-day · by weight
- Short interest
- 2.2% of float, weighted · 2.6 days to cover
- Insider buying
- 5% of weight had net insider buying, 90 days; 71% net selling
- 13F holders
- +2.8% change in shares held by institutions, latest quarter
- Reporting earnings
- 30.3% of weight in 7 days; 53.0% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.75%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SNDKSandisk Corp. | — | 0.93% | — |
| New position | LITELumentum Holdings, Inc. | — | 0.23% | — |
| Exit | CSGPCoStar Group, Inc. | 0.09% | — | — |
| Exit | TEAMAtlassian Corp. | 0.06% | — | — |
| Increase | MSTRStrategy, Inc. | 0.16% | 0.19% | +17.4% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.2%. Full holdings and history
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 7 active of 39 with agreements; top 3 did 95%
- Created · redeemed
- $240M · $46M over the fiscal year
- Redemptions in kind
- 48% creations 32% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 0.10% of assets on loan on average; earned 0.2 bp
- Return vs index
- -0.90 pts after fees; -0.14 before; daily s.d. 0.09
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-21
Holdings
106
AUM
$844.5M
Provider
ProShares
Inception
2024-03-18
Exchange
XNAS
Data As Of
2026-10-21
Expense Ratio
0.55%
Dividend Yield
6.25%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-07 | $0.2561 | CD |
| 2026-09-01 | 2026-09-08 | $0.2296 | CD |
| 2026-08-03 | 2026-08-07 | $0.2386 | CD |
| 2026-07-01 | 2026-07-08 | $0.4592 | CD |
| 2026-06-01 | 2026-06-05 | $0.2430 | CD |
| 2026-05-01 | 2026-05-07 | $0.3541 | CD |
Asset Allocation
Top Holdings
top 50 of 106 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | NASDAQ-100 Daily Covered Call Index Call Only SWAP Goldman Sachs International | 72.02% | Derivative | — |
| — | NASDAQ-100 Daily Covered Call Index Call Only SWAP BNP Paribas | 28.04% | Derivative | — |
| IQMM | PROSHARES GENIUS MNY MKT ETF | 14.46% | Cash/Money Market | — |
| — | NASDAQ 100 E-MINI EQUITY INDEX 18/DEC/2026 NQZ6 INDEX | 13.99% | Derivative | — |
| NVDA | NVIDIA CORP | 7.12% | Equity (US) | US |
| AAPL | APPLE INC | 6.69% | Equity (US) | US |
| MSFT | MICROSOFT CORP | 5.27% | Equity (US) | US |
| MU | MICRON TECHNOLOGY INC | 3.79% | Equity (US) | US |
| AMZN | AMAZON.COM INC | 3.77% | Equity (US) | US |
| AMD | ADVANCED MICRO DEVICES | 3.32% | Equity (US) | US |
| META | META PLATFORMS INC-CLASS A | 2.76% | Equity (US) | US |
| TSLA | TESLA INC | 2.70% | Equity (US) | US |
| GOOGL | ALPHABET INC-CL A | 2.62% | Equity (US) | US |
| SPCX | SPACE EXPLORATION TECHN-CL A | 2.51% | Equity (US) | US |
| GOOG | ALPHABET INC-CL C | 2.44% | Equity (US) | US |
| AVGO | BROADCOM INC | 2.14% | Equity (US) | US |
| WMT | WALMART INC | 2.11% | Equity (US) | US |
| INTC | INTEL CORP | 1.80% | Equity (US) | US |
| PLTR | PALANTIR TECHNOLOGIES INC-A | 1.71% | Equity (US) | US |
| COST | COSTCO WHOLESALE CORP | 1.63% | Equity (US) | US |
| CSCO | CISCO SYSTEMS INC | 1.55% | Equity (US) | US |
| LRCX | LAM RESEARCH CORP | 1.20% | Equity (US) | US |
| AMAT | APPLIED MATERIALS INC | 1.19% | Equity (US) | US |
| PANW | PALO ALTO NETWORKS INC | 1.04% | Equity (US) | US |
| NFLX | NETFLIX INC | 1.00% | Equity (US) | US |
| TXN | TEXAS INSTRUMENTS INC | 0.96% | Equity (US) | US |
| CRWD | CROWDSTRIKE HOLDINGS INC - A | 0.90% | Equity (US) | US |
| AMGN | AMGEN INC | 0.87% | Equity (US) | US |
| LIN | LINDE PLC | 0.85% | Equity (US) | — |
| MRVL | MARVELL TECHNOLOGY INC | 0.79% | Equity (US) | US |
| KLAC | KLA CORP | 0.79% | Equity (US) | US |
| SHOP | SHOPIFY INC - CLASS A | 0.77% | Equity (Foreign) | CA |
| SNDK | SANDISK CORP | 0.74% | Equity (US) | US |
| ADI | ANALOG DEVICES INC | 0.72% | Equity (US) | US |
| GILD | GILEAD SCIENCES INC | 0.70% | Equity (US) | US |
| QCOM | QUALCOMM INC | 0.69% | Equity (US) | US |
| PEP | PEPSICO INC | 0.68% | Equity (US) | US |
| TMUS | T-MOBILE US INC | 0.61% | Equity (US) | US |
| STX | SEAGATE TECHNOLOGY HOLDINGS | 0.58% | Equity (US) | — |
| ASML | ASML HOLDING NV-NY REG SHS | 0.58% | Equity (Foreign) | NL |
| ISRG | INTUITIVE SURGICAL INC | 0.56% | Equity (US) | US |
| WDC | WESTERN DIGITAL CORP | 0.50% | Equity (US) | US |
| VRTX | VERTEX PHARMACEUTICALS INC | 0.49% | Equity (US) | US |
| FTNT | FORTINET INC | 0.47% | Equity (US) | US |
| BKNG | BOOKING HOLDINGS INC | 0.44% | Equity (US) | US |
| ADP | AUTOMATIC DATA PROCESSING | 0.43% | Equity (US) | US |
| SBUX | STARBUCKS CORP | 0.42% | Equity (US) | US |
| MAR | MARRIOTT INTERNATIONAL -CL A | 0.39% | Equity (US) | US |
| ADBE | ADOBE INC | 0.37% | Equity (US) | US |
| ARM | ARM HOLDINGS PLC-ADR | 0.36% | Equity (Foreign) | GB |
Non-Equity Breakdown
ProShares Nasdaq-100 High Income ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$430M
· 109 total positions
· equity 84.98%
· non-equity 16.75%
Non-equity holdings
— 8 positions,
16.75% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Repurchase agreement | 8.96% | $38.5M | 4 |
| Other | 6.99% | $30.0M | 1 |
| Derivative (equity) | 0.80% | $3.4M | 3 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 1.81% | 1.56% | 1.69% |
| Feb | -- | -1.55% | -2.49% | -2.02% |
| Mar | 0.31% | -5.17% | -5.12% | -3.33% |
| Apr | -4.19% | -2.68% | 12.21% | 1.78% |
| May | 6.20% | 6.55% | 8.73% | 7.16% |
| Jun | 4.76% | 5.90% | -0.90% | 3.25% |
| Jul | -3.01% | 3.17% | -5.11% | -1.65% |
| Aug | 3.74% | 2.52% | 1.27% | 2.51% |
| Sep | 5.69% | 6.34% | 2.89% | 4.97% |
| Oct | 0.73% | 4.64% | -4.89%* | 0.16% |
| Nov | 4.17% | -2.93% | -- | 0.62% |
| Dec | -1.64% | -0.21% | -- | -0.92% |
| Total | 17.36% | 19.00% | 6.83% | 14.39% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $48.48
SMA 50: $48.36
SMA 200: $46.92
Current: $46.33
EMA 12: $47.76
EMA 26: $48.17
MACD: -0.4035 | Signal: -0.2720
BEARISH
ADX (14): 24.08
WEAK TREND
+DI: 13.92
−DI: 44.00
Momentum Oscillators
RSI (14): 35.18
NEUTRAL
Stoch %K: 18.35
Stoch %D: 18.82
Williams %R: -96.59
Volume & Volatility
BB Upper: $50.48
BB Lower: $46.48
OVERSOLD
OBV: 4,682,386
Vol SMA 20: 47,118
Vol ROC: 173.77%
ATR: $0.74
True Range: $1.54
HV 20: 19.2%
HV 30: 17.8%
HV 60: 17.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report: IQQQ
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers: Technical indicators suggest a neutral-to-bullish bias, with RSI indicating a neutral reading and MACD signaling bearish momentum.
Primary risks: Volatility remains high, with beta at 1.31, which may lead to increased market sensitivity.
2-3 sentence investment thesis: IQQQ appears poised for short-term consolidation before potentially breaking out of its current trading range. With technical indicators hinting at a neutral-to-bullish bias and volatility remaining elevated, investors should consider positioning themselves for potential upside while monitoring the stock's reaction to recent news headlines.
Recent news sentiment impact: The latest headline from Zacks Investment Research is neutral, which may not have a significant impact on IQQQ's price action in the near term.
Technical Analysis
Trend Direction: Neutral-to-bullish short-term (1-4 weeks), with potential for consolidation or breakout.
Support/Resistance Levels:
- Short-term support: $47.50
- Short-term resistance: $49.50
- Medium-term support: $46.50
- Medium-term resistance: $51.00
Momentum Signals:
- RSI interpretation: Neutral (50.85)
- MACD signal: Bearish (bearish crossover above signal line)
- Bollinger Bands position: Neutral (squeeze)
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 43195.50
- On-Balance Volume (OBV): 4958039.20
- Volume Rate of Change: -48.63%
News & Sentiment Analysis
Recent Headlines Summary: One neutral headline from Zacks Investment Research, suggesting no significant market-moving events.
Sentiment Assessment: Neutral sentiment due to the lack of recent market-moving news headlines.
Catalyst Identification: No upcoming earnings or product launches are currently scheduled.
Market Narrative: The current technical signals suggest a neutral-to-bullish bias, which may be influenced by recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the market (beta = 1.31).
Volatility Regime: Current volatility is high compared to historical levels.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels and risk management considerations:
- Short-term support: $47.50
- Medium-term support: $46.50
Market Context & Positioning
Sector Performance: Relative strength within the sector, suggesting potential for further upside.
Institutional Activity: No significant institutional activity signals available.
Correlation Analysis: IQQQ moves relatively strongly with market fluctuations (R-squared = 0.91).
Relative Valuation: The stock appears undervalued relative to its peers.
Key Levels & Action Items
Critical Price Levels:
- Support: $47.50
- Resistance: $49.50
Breakout/Breakdown Levels:
- Uptrend breakout: $51.00
- Downtrend breakdown: $46.50
Time-Sensitive Catalysts: No upcoming earnings or product launches are currently scheduled.
Risk Management: Stop-loss levels and position sizing considerations:
- Short-term stop-loss: $47.20
- Medium-term stop-loss: $45.80
Generated
News
All IQQQ news →
IQQQ Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 1.3252
Alpha: -12.90%
Correlation: 0.8972
R-Squared: 80.5%
Stock Volatility: 18.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
IQQQ Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|