NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Up 52.6% in March

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 170,300 shares, a growth of 52.6% from the March 15th total of 111,600 shares. Based on an average daily trading volume, of 606,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.7% of the shares of the company are sold short.

NEOS Nasdaq 100 High Income ETF Trading Down 0.0 %

QQQI traded down $0.01 during trading on Friday, hitting $45.31. The stock had a trading volume of 476,657 shares, compared to its average volume of 614,722. NEOS Nasdaq 100 High Income ETF has a 12 month low of $41.17 and a 12 month high of $54.47. The company has a 50 day simple moving average of $49.18 and a 200-day simple moving average of $51.38. The firm has a market cap of $1.17 billion, a PE ratio of 28.76 and a beta of 1.09.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 26th were given a dividend of $0.5867 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $7.04 annualized dividend and a dividend yield of 15.54%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. City State Bank acquired a new position in shares of NEOS Nasdaq 100 High Income ETF during the first quarter worth approximately $47,000. AdvisorNet Financial Inc boosted its holdings 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 purchasing an additional 1,246 shares during the period. Ameriprise Financial Inc. boosted its holdings in NEOS Nasdaq 100 High Income ETF by 24.8% in 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 during the period. Creative Financial Designs Inc. ADV grew its position 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 worth $250,000 after purchasing an additional 993 shares during the last quarter. Finally, Private Trust Co. NA bought a new position in shares of NEOS Nasdaq 100 High Income ETF during the 4th quarter worth about $105,000.

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.