NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Strong Trading Volume – Here’s Why

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) shares saw unusually-high trading volume on Monday . Approximately 1,404,080 shares traded hands during mid-day trading, an increase of 109% from the previous session’s volume of 670,479 shares.The stock last traded at $50.93 and had previously closed at $50.98.

NEOS Nasdaq 100 High Income ETF Trading Up 0.0%

The firm’s 50 day simple moving average is $47.53 and its 200-day simple moving average is $50.87. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 30.89 and a beta of 1.09.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 23rd were paid a $0.5309 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a $6.37 annualized dividend and a yield of 12.49%.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new stake in NEOS Nasdaq 100 High Income ETF in the 4th quarter valued at $30,000. Creative Financial Designs Inc. ADV increased its stake in NEOS Nasdaq 100 High Income ETF by 26.3% in the 4th 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 last quarter. City State Bank acquired a new stake in NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at $47,000. Private Trust Co. NA increased its stake in NEOS Nasdaq 100 High Income ETF by 73.7% in the 1st quarter. Private Trust Co. NA now owns 3,474 shares of the company’s stock valued at $165,000 after buying an additional 1,474 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the 1st quarter worth about $113,000.

NEOS Nasdaq 100 High Income ETF Company Profile

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.