Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Decreases By 66.6%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 375,077 shares, a decline of 66.6% from the May 14th total of 1,122,269 shares. Based on an average daily volume of 6,616,034 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

NEOS Nasdaq 100 High Income ETF Stock Up 0.7%

QQQI traded up $0.39 during midday trading on Friday, hitting $56.14. The company had a trading volume of 7,422,845 shares, compared to its average volume of 6,237,957. NEOS Nasdaq 100 High Income ETF has a 52 week low of $47.87 and a 52 week high of $57.84. The company has a market capitalization of $11.38 billion, a price-to-earnings ratio of 32.88 and a beta of 0.93. The stock’s 50 day moving average price is $54.81 and its 200 day moving average price is $53.75.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, May 22nd. Shareholders of record on Wednesday, May 20th were paid a $0.6589 dividend. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.64. The ex-dividend date of this dividend was Wednesday, May 20th.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pin Oak Investment Advisors Inc. increased its stake in NEOS Nasdaq 100 High Income ETF by 806.0% in the third 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 in the last quarter. Hollencrest Capital Management bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter worth about $28,000. Russell Investments Group Ltd. increased its position 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 worth $38,000 after acquiring an additional 284 shares in the last quarter. SOA Wealth Advisors LLC. increased its position 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 worth $67,000 after acquiring an additional 250 shares in the last quarter. Finally, Anfield Capital Management LLC bought a new stake in shares of NEOS Nasdaq 100 High Income ETF during the third quarter worth about $101,000.

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.