NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) Sees Significant Drop in Short Interest

NEOS Nasdaq-100 Hedged Equity Income ETF (NASDAQ:QQQH) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 13,164 shares, a decline of 36.1% from the August 31st total of 20,599 shares. Based on an average trading volume of 21,309 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

NEOS Nasdaq-100 Hedged Equity Income ETF Trading Up 0.3%

NEOS Nasdaq-100 Hedged Equity Income ETF stock opened at $55.54 on Thursday. The company has a market capitalization of $397.67 million, a price-to-earnings ratio of 30.94 and a beta of 0.68. NEOS Nasdaq-100 Hedged Equity Income ETF has a 12 month low of $50.08 and a 12 month high of $56.76. The stock’s 50 day moving average is $54.64 and its 200-day moving average is $54.50.

NEOS Nasdaq-100 Hedged Equity Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 23rd were issued a $0.4190 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $5.03 dividend on an annualized basis and a yield of 9.1%. This is a positive change from NEOS Nasdaq-100 Hedged Equity Income ETF’s previous monthly dividend of $0.4084.

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.