NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Sees Large Drop in Short Interest

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHGet Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,690 shares, a decrease of 39.6% from the July 30th total of 7,765 shares. Based on an average daily volume of 24,660 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC purchased a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQHFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing 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 Price Performance

QQQH traded down $0.03 during trading on Wednesday, reaching $54.19. The company had a trading volume of 6,640 shares, compared to its average volume of 30,121. The company has a market cap of $378.79 million, a P/E ratio of 30.94 and a beta of 0.68. NEOS Nasdaq-100 Hedged Equity Income ETF has a 12 month low of $50.08 and a 12 month high of $56.76. The business’s fifty day moving average price is $54.70 and its 200 day moving average price is $54.26.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 26th were issued a dividend of $0.4084 per share. The ex-dividend date was Wednesday, August 26th. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous dividend of $0.40.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

(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.

Further Reading

Receive News & Ratings for NEOS Nasdaq-100 Hedged Equity Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NEOS Nasdaq-100 Hedged Equity Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.