NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw unusually-high trading volume on Monday . Approximately 2,431,253 shares were traded during trading, an increase of 6% from the previous session’s volume of 2,292,544 shares.The stock last traded at $54.39 and had previously closed at $54.19.

NEOS Nasdaq 100 High Income ETF Stock Performance

The company has a market cap of $5.79 billion, a PE ratio of 32.88 and a beta of 0.88. The stock has a fifty day moving average of $54.50 and a 200-day moving average of $53.31.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.6304 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 14.0%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the 1st quarter worth approximately $387,000. NewEdge Advisors LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the first quarter valued at about $113,000. AdvisorNet Financial Inc boosted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 356.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 8,266 shares of the company’s stock valued at $430,000 after buying an additional 6,456 shares in the last quarter. Capital & Planning LLC purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the 2nd quarter worth approximately $246,000. Finally, Private Trust Co. NA grew its position in shares of NEOS Nasdaq 100 High Income ETF by 11.5% in the 2nd quarter. Private Trust Co. NA now owns 3,874 shares of the company’s stock worth $201,000 after buying an additional 400 shares during the last quarter.

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.