NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Down 85.1% in June

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,310 shares, a drop of 85.1% from the June 15th total of 35,686 shares. Based on an average daily volume of 43,433 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

NASDAQ QQQH traded up $0.15 during trading hours on Friday, reaching $55.68. The stock had a trading volume of 21,608 shares, compared to its average volume of 31,198. NEOS Nasdaq-100 Hedged Equity Income ETF has a 52-week low of $50.08 and a 52-week high of $56.76. The stock has a fifty day moving average of $55.50 and a 200 day moving average of $54.24. The stock has a market cap of $386.98 million, a P/E ratio of 30.94 and a beta of 0.68.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.4219 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date was Wednesday, June 24th. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.39.

Institutional Trading of NEOS Nasdaq-100 Hedged Equity Income ETF

An institutional investor recently raised its stake in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Advisory Services Network LLC boosted its holdings in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,407 shares of the company’s stock after purchasing an additional 199 shares during the period. Advisory Services Network LLC owned about 0.17% of NEOS Nasdaq-100 Hedged Equity Income ETF worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

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.