NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Growth in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,266,734 shares, a growth of 771.0% from the May 31st total of 375,077 shares. Based on an average daily trading volume, of 8,008,716 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the company’s shares are short sold.

NEOS Nasdaq 100 High Income ETF Trading Up 0.7%

Shares of NASDAQ QQQI opened at $55.33 on Friday. NEOS Nasdaq 100 High Income ETF has a 12-month low of $47.87 and a 12-month high of $57.84. The company has a market cap of $11.21 billion, a P/E ratio of 32.88 and a beta of 0.93. The stock has a fifty day moving average price of $55.66 and a 200 day moving average price of $53.85.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Tuesday, June 16th were paid a $0.6572 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63. The ex-dividend date was Tuesday, June 16th.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Hedge funds have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. boosted its holdings in NEOS Nasdaq 100 High Income ETF by 806.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock worth $25,000 after acquiring an additional 403 shares during the period. Hollencrest Capital Management acquired a new stake in NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 66.8% during the fourth quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after purchasing an additional 284 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of NEOS Nasdaq 100 High Income ETF by 25.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,251 shares of the company’s stock valued at $67,000 after purchasing an additional 250 shares during the period. Finally, Anfield Capital Management LLC acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the third quarter worth $101,000.

NEOS Nasdaq 100 High Income ETF Company Profile

The NEOS Nasdaq 100 High Income ETF (QQQI) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks high monthly income through NASDAQ-100 stocks and call options, pursuing potential equity growth in a tax-efficient manner. QQQI was launched on Jan 30, 2024 and is issued by Neos.