NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Decline in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 418,922 shares, a decrease of 87.2% from the June 15th total of 3,266,734 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,011,736 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of institutional investors have recently added to or reduced their stakes in QQQI. NewEdge Advisors LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at $113,000. Captrust Financial Advisors acquired a new stake in NEOS Nasdaq 100 High Income ETF during the second quarter worth about $296,000. Integrated Wealth Concepts LLC raised its stake in NEOS Nasdaq 100 High Income ETF by 76.7% during the third quarter. Integrated Wealth Concepts LLC now owns 9,706 shares of the company’s stock worth $526,000 after purchasing an additional 4,212 shares during the period. Novak & Powell Financial Services Inc. acquired a new position in NEOS Nasdaq 100 High Income ETF in the 3rd quarter valued at about $314,000. Finally, 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 valued at $25,000 after purchasing an additional 403 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Stock Performance

Shares of NASDAQ:QQQI traded up $0.20 during midday trading on Friday, hitting $56.36. The company’s stock had a trading volume of 3,789,887 shares, compared to its average volume of 6,192,154. The company has a market cap of $13.10 billion, a P/E ratio of 32.88 and a beta of 0.92. NEOS Nasdaq 100 High Income ETF has a 12-month low of $47.87 and a 12-month high of $57.84. The business’s 50 day simple moving average is $56.12 and its 200 day simple moving average is $53.96.

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 issued a dividend of $0.6572 per share. The ex-dividend date was Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 14.0%. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63.

About NEOS Nasdaq 100 High Income ETF

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.