NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Increase in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 2,785,720 shares, an increase of 565.0% from the June 30th total of 418,922 shares. Based on an average daily trading volume, of 5,387,382 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the shares of the company are sold short.

NEOS Nasdaq 100 High Income ETF Stock Performance

QQQI opened at $52.73 on Monday. NEOS Nasdaq 100 High Income ETF has a fifty-two week low of $47.87 and a fifty-two week high of $57.84. The company has a market capitalization of $13.22 billion, a P/E ratio of 32.88 and a beta of 0.92. The stock has a fifty day moving average of $55.85 and a 200-day moving average of $53.98.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 22nd were given a dividend of $0.6346 per share. The ex-dividend date of this dividend was Wednesday, July 22nd.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Institutional investors have recently bought and sold shares of the business. Valeo Financial Advisors LLC acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the 2nd quarter worth approximately $206,000. FNY Investment Advisers LLC acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF in the second quarter valued at approximately $868,000. CoreCap Advisors LLC raised its position in shares of NEOS Nasdaq 100 High Income ETF by 30.0% in the second quarter. CoreCap Advisors LLC now owns 28,643 shares of the company’s stock valued at $1,627,000 after buying an additional 6,610 shares in the last quarter. Parallel Advisors LLC raised its position in shares of NEOS Nasdaq 100 High Income ETF by 1,401.3% in the first quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock valued at $279,000 after buying an additional 5,241 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of NEOS Nasdaq 100 High Income ETF by 20.3% in the first quarter. Arkadios Wealth Advisors now owns 10,757 shares of the company’s stock valued at $535,000 after buying an additional 1,816 shares during the period.

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.