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Upturn AI SWOT - About
ProShares Nasdaq-100 High Income ETF (IQQQ)
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Upturn Advisory Summary
04/01/2025: IQQQ (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type ETF | Historic Profit -0.08% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 32500 | Beta - | 52 Weeks Range 33.74 - 43.24 | Updated Date 04/1/2025 |
52 Weeks Range 33.74 - 43.24 | Updated Date 04/1/2025 |
Upturn AI SWOT
ProShares Nasdaq-100 High Income ETF
ETF Overview
Overview
The ProShares Nasdaq-100 High Income ETF (QQQX) seeks high current income while maintaining exposure to Nasdaq-100 stocks. It uses a covered call strategy to generate income, selling call options on a portion of its Nasdaq-100 holdings.
Reputation and Reliability
ProShares is a well-known issuer specializing in leveraged and inverse ETFs. They are generally considered reliable with a strong track record of providing innovative investment products.
Management Expertise
ProShares has a dedicated team with experience in managing complex investment strategies including covered call strategies.
Investment Objective
Goal
To provide high current income while maintaining exposure to securities included in the Nasdaq-100 Index.
Investment Approach and Strategy
Strategy: The fund employs a covered call strategy by selling call options on a portion of the Nasdaq-100 holdings. This generates income from the option premiums, but also limits potential upside.
Composition The ETF holds stocks included in the Nasdaq-100 Index, along with a portfolio of short call options on those stocks.
Market Position
Market Share: Data not readily available to determine exact market share, as QQQX is somewhat unique in its specific strategy.
Total Net Assets (AUM): 1330000000
Competitors
Key Competitors
- Global X Nasdaq 100 Covered Call ETF (QYLD)
- Defiance Nasdaq 100 Enhanced Options Income ETF (QQQX)
Competitive Landscape
The competitive landscape consists of ETFs that offer covered call strategies on the Nasdaq-100 or similar indexes. QQQX differs in its call option strategy, and is competing with other ETF's that offer high income streams. Advantages include a strong issuer and a relatively high yield. Disadvantages may include less upside potential compared to non-covered call ETFs.
Financial Performance
Historical Performance: Historical performance data requires specific dates and is best sourced from financial data providers.
Benchmark Comparison: Comparing QQQX to the Nasdaq-100 (QQQ) requires detailed performance charts and is best obtained from financial data providers.
Expense Ratio: 0.49
Liquidity
Average Trading Volume
The ETF's average trading volume is moderate, providing reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting the underlying liquidity of the Nasdaq-100 stocks.
Market Dynamics
Market Environment Factors
Performance is influenced by Nasdaq-100 performance, interest rates (affecting option premiums), and market volatility (influencing option pricing).
Growth Trajectory
Growth is tied to the Nasdaq-100's growth and the effectiveness of the covered call strategy in generating income. Changes to strategy and holdings are detailed in fund prospectuses.
Moat and Competitive Advantages
Competitive Edge
QQQX's competitive edge lies in its focus on high current income through a covered call strategy on the Nasdaq-100. This differentiates it from pure growth ETFs. The covered call strategy generates income. The reputation of ProShares as the issuer and its ability to manage the covered call strategy effectively are also advantages. The main advantage is that is attempts to produce high income stream based on the Nasdaq 100 stocks.
Risk Analysis
Volatility
Volatility is generally lower than the Nasdaq-100 (QQQ) due to the covered call strategy, which provides some downside protection but also limits upside potential.
Market Risk
Market risk is associated with the Nasdaq-100 stocks held by the ETF. Downside risk is higher in the case that the call options are called.
Investor Profile
Ideal Investor Profile
Ideal for investors seeking high current income from their investments and are comfortable with potentially capped upside growth.
Market Risk
Suitable for long-term investors looking for income, but not ideal for active traders seeking short-term gains or passive index followers.
Summary
The ProShares Nasdaq-100 High Income ETF (QQQX) offers a covered call strategy on Nasdaq-100 stocks to generate high current income. While it provides income and potential downside protection, it limits upside potential compared to a pure Nasdaq-100 index fund. It's suitable for income-seeking investors comfortable with capped growth. ProShares' reputation lends credibility to the fund. Ultimately, QQQX seeks high income by sacrificing some growth potential.
Similar Companies
JEPI
JPMorgan Equity Premium Income ETF
JEPI
JPMorgan Equity Premium Income ETF
QYLD
Global X NASDAQ 100 Covered Call ETF
QYLD
Global X NASDAQ 100 Covered Call ETF
RYLD
Global X Russell 2000 Covered Call
RYLD
Global X Russell 2000 Covered Call
XYLD
Global X S&P 500® Covered Call ETF
XYLD
Global X S&P 500® Covered Call ETF
Sources and Disclaimers
Data Sources:
- ProShares website
- ETF.com
- SEC filings
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on your own due diligence and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Nasdaq-100 High Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.
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