NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Volume Increase – What’s Next?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) shares saw unusually-high trading volume on Monday . Approximately 728,662 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 534,601 shares.The stock last traded at $41.50 and had previously closed at $43.22.

NEOS Nasdaq 100 High Income ETF Stock Performance

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 31.08 and a beta of 1.09. The business’s 50-day moving average is $50.29 and its two-hundred day moving average is $51.67.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 26th were issued a $0.5867 dividend. This represents a $7.04 annualized dividend and a dividend yield of 14.94%. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 24.8% during the 4th quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock valued at $1,760,000 after purchasing an additional 6,683 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 26.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock valued at $250,000 after buying an additional 993 shares during the period. Private Trust Co. NA acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF during the fourth quarter worth $105,000. Finally, AdvisorNet Financial Inc lifted its position in NEOS Nasdaq 100 High Income ETF by 220.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,810 shares of the company’s stock valued at $86,000 after acquiring an additional 1,246 shares in 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.