NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,156,701 shares, a growth of 341.5% from the September 30th total of 1,168,055 shares. Based on an average daily volume of 4,467,791 shares, the short-interest ratio is currently 1.2 days. Currently, 1.8% of the company’s shares are sold short.
Institutional Trading of NEOS Nasdaq 100 High Income ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. City State Bank increased its stake in NEOS Nasdaq 100 High Income ETF by 10.0% in the third quarter. City State Bank now owns 2,200 shares of the company’s stock valued at $122,000 after purchasing an additional 200 shares in the last quarter. Roble Belko & Company Inc boosted its position in shares of NEOS Nasdaq 100 High Income ETF by 65.9% during the second quarter. Roble Belko & Company Inc now owns 549 shares of the company’s stock worth $31,000 after purchasing an additional 218 shares in the last quarter. Capital Planning LLC boosted its position in shares of NEOS Nasdaq 100 High Income ETF by 3.2% during the first quarter. Capital Planning LLC now owns 9,617 shares of the company’s stock worth $478,000 after purchasing an additional 295 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of NEOS Nasdaq 100 High Income ETF by 17.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,252 shares of the company’s stock valued at $236,000 after buying an additional 625 shares during the period. Finally, Root Financial Partners LLC acquired a new position in shares of NEOS Nasdaq 100 High Income ETF in the 3rd quarter valued at $39,000.
NEOS Nasdaq 100 High Income ETF Stock Down 1.3%
Shares of NEOS Nasdaq 100 High Income ETF stock opened at $53.42 on Friday. The business has a fifty day simple moving average of $54.71 and a 200 day simple moving average of $54.18. The stock has a market cap of $15.28 billion, a PE ratio of 32.88 and a beta of 0.94. NEOS Nasdaq 100 High Income ETF has a 12 month low of $47.87 and a 12 month high of $57.84.
NEOS Nasdaq 100 High Income ETF Increases Dividend
The business also recently announced a monthly dividend, which was paid on Friday, October 23rd. Stockholders of record on Wednesday, October 21st were given a dividend of $0.6343 per share. This represents a $7.61 annualized dividend and a dividend yield of 14.2%. The ex-dividend date was Wednesday, October 21st. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.6339.
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.
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