NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Decline in Short Interest

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

NEOS Nasdaq 100 High Income ETF Trading Up 0.4%

QQQI traded up $0.20 during trading on Friday, hitting $56.36. The company’s stock had a trading volume of 3,789,887 shares, compared to its average volume of 6,192,154. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 32.88 and a beta of 0.92. NEOS Nasdaq 100 High Income ETF has a twelve month low of $47.87 and a twelve month high of $57.84. The business’s fifty day simple moving average is $56.12 and its 200 day simple moving average is $53.96.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Tuesday, June 16th were paid a $0.6572 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 14.0%. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.63.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF in the 4th quarter worth about $624,000. Aventura Private Wealth LLC acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at approximately $1,326,000. Sound Income Strategies LLC purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $672,000. FSA Advisors Inc. boosted its stake in shares of NEOS Nasdaq 100 High Income ETF by 80.5% in the fourth quarter. FSA Advisors Inc. now owns 55,410 shares of the company’s stock worth $2,984,000 after acquiring an additional 24,719 shares during the last quarter. Finally, PSI Advisors LLC boosted its stake in shares of NEOS Nasdaq 100 High Income ETF by 48.9% in the fourth quarter. PSI Advisors LLC now owns 68,777 shares of the company’s stock worth $3,704,000 after acquiring an additional 22,593 shares during the last quarter.

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.