Short Interest in NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Grows By 339.2%

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 20,599 shares, a growth of 339.2% from the August 15th total of 4,690 shares. Based on an average daily volume of 29,602 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Stock Performance

NASDAQ QQQH opened at $54.62 on Friday. The firm has a market cap of $381.79 million, a PE ratio of 30.94 and a beta of 0.68. NEOS Nasdaq-100 Hedged Equity Income ETF has a one year low of $50.08 and a one year high of $56.76. The firm’s fifty day moving average is $54.62 and its two-hundred day moving average is $54.32.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 26th were issued a dividend of $0.4084 per share. This is an increase from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.40. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Wednesday, August 26th.

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

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

About NEOS Nasdaq-100 Hedged Equity Income ETF

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.