Short Interest in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Declines By 27.3%

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 29,399 shares, a drop of 27.3% from the March 31st total of 40,411 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 25,984 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently bought a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 902 shares of the company’s stock, valued at approximately $49,000.

NEOS Nasdaq-100 Hedged Equity Income ETF Trading Up 0.4%

QQQH traded up $0.21 during midday trading on Thursday, hitting $54.08. 34,710 shares of the company were exchanged, compared to its average volume of 29,625. The company’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $53.93. The firm has a market capitalization of $362.34 million, a price-to-earnings ratio of 30.94 and a beta of 0.68. NEOS Nasdaq-100 Hedged Equity Income ETF has a 1-year low of $49.20 and a 1-year high of $55.90.

NEOS Nasdaq-100 Hedged Equity Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.4076 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Wednesday, April 29th.

About NEOS Nasdaq-100 Hedged Equity Income ETF

(Get Free Report)

The NEOS Nasdaq 100 Hedged Equity Income ETF (QQQH) is an exchange-traded fund that mostly invests in large cap equity. NUSI is an actively-managed portfolio of stocks included in the Nasdaq-100 Index combined with an options collar. The fund seeks to generate current income with some downside protection. QQQH was launched on Dec 19, 2019 and is issued by Neos.

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