Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Declines By 87.2%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 418,922 shares, a drop of 87.2% from the June 15th total of 3,266,734 shares. Based on an average trading volume of 6,011,736 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

NEOS Nasdaq 100 High Income ETF Stock Down 1.7%

Shares of QQQI stock traded down $0.94 during trading on Monday, hitting $55.42. The company had a trading volume of 6,773,651 shares, compared to its average volume of 6,196,914. The stock’s 50-day moving average is $56.15 and its two-hundred day moving average is $53.96. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 32.88 and a beta of 0.92. NEOS Nasdaq 100 High Income ETF has a 52 week low of $47.87 and a 52 week high of $57.84.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.6572 per share. The ex-dividend date was Tuesday, June 16th. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63. This represents a c) dividend on an annualized basis and a yield of 14.2%.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in NEOS Nasdaq 100 High Income ETF by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 9,811 shares of the company’s stock worth $528,000 after buying an additional 233 shares during the period. SOA Wealth Advisors LLC. lifted its stake in NEOS Nasdaq 100 High Income ETF by 25.0% in 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 during the period. Russell Investments Group Ltd. boosted its holdings in NEOS Nasdaq 100 High Income ETF by 66.8% in the fourth quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after acquiring an additional 284 shares in the last quarter. Capital Planning LLC boosted its holdings in NEOS Nasdaq 100 High Income ETF by 3.2% in the first quarter. Capital Planning LLC now owns 9,617 shares of the company’s stock valued at $478,000 after acquiring an additional 295 shares in the last quarter. Finally, Novak & Powell Financial Services Inc. increased its position in NEOS Nasdaq 100 High Income ETF by 5.2% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 6,100 shares of the company’s stock valued at $329,000 after purchasing an additional 300 shares during the period.

NEOS Nasdaq 100 High Income ETF Company Profile

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.