Short Interest in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Drops By 39.6%

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,690 shares, a decrease of 39.6% from the July 30th total of 7,765 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,660 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On NEOS Nasdaq-100 Hedged Equity Income ETF

A hedge fund recently bought a new position in NEOS Nasdaq-100 Hedged Equity Income ETF stock. Garton & Associates Financial Advisors LLC bought a new position in shares of NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 902 shares of the company’s stock, valued at approximately $49,000.

NEOS Nasdaq-100 Hedged Equity Income ETF Price Performance

Shares of NASDAQ:QQQH traded down $0.10 during trading on Monday, reaching $54.52. The stock had a trading volume of 6,520 shares, compared to its average volume of 30,274. The stock has a market capitalization of $381.09 million, a PE ratio of 30.94 and a beta of 0.68. NEOS Nasdaq-100 Hedged Equity Income ETF has a 52 week low of $50.08 and a 52 week high of $56.76. The business’s 50-day moving average price is $54.75 and its 200 day moving average price is $54.25.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 26th were given a $0.4084 dividend. The ex-dividend date was Wednesday, August 26th. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous dividend of $0.40.

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.