NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Short Interest Up 44.8% in March

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 39,358 shares, an increase of 44.8% from the February 26th total of 27,174 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 19,772 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC acquired a new stake in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 902 shares of the company’s stock, valued at approximately $49,000.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Down 1.5%

Shares of NASDAQ:QQQH traded down $0.75 during trading on Friday, reaching $50.36. The stock had a trading volume of 42,187 shares, compared to its average volume of 30,320. The stock has a market cap of $333.38 million, a P/E ratio of 30.94 and a beta of 0.62. The business has a fifty day moving average price of $53.39 and a 200-day moving average price of $54.15. NEOS Nasdaq-100 Hedged Equity Income ETF has a fifty-two week low of $43.02 and a fifty-two week high of $55.90.

NEOS Nasdaq-100 Hedged Equity Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 25th were issued a $0.3923 dividend. The ex-dividend date was Wednesday, March 25th.

NEOS Nasdaq-100 Hedged Equity Income ETF Company Profile

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.