NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Short Interest Update

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,785,720 shares, a growth of 565.0% from the June 30th total of 418,922 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 5,387,382 shares, the days-to-cover ratio is presently 0.5 days.

NEOS Nasdaq 100 High Income ETF Stock Performance

Shares of QQQI stock traded down $0.61 on Friday, reaching $52.73. The stock had a trading volume of 7,345,270 shares, compared to its average volume of 6,193,673. NEOS Nasdaq 100 High Income ETF has a 1 year low of $47.87 and a 1 year high of $57.84. The stock has a market cap of $13.22 billion, a P/E ratio of 32.88 and a beta of 0.92. The company has a 50 day simple moving average of $55.85 and a 200 day simple moving average of $53.98.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 22nd were given a $0.6346 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of large investors have recently made changes to their positions in QQQI. Pin Oak Investment Advisors Inc. lifted its stake in shares of NEOS Nasdaq 100 High Income ETF by 806.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 453 shares of the company’s stock worth $25,000 after purchasing an additional 403 shares during the period. Hollencrest Capital Management bought a new stake in NEOS Nasdaq 100 High Income ETF during the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its position in NEOS Nasdaq 100 High Income ETF by 66.8% during the fourth quarter. Russell Investments Group Ltd. now owns 709 shares of the company’s stock valued at $38,000 after buying an additional 284 shares during the period. SOA Wealth Advisors LLC. increased its holdings in NEOS Nasdaq 100 High Income ETF by 25.0% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,251 shares of the company’s stock valued at $67,000 after buying an additional 250 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF during the first quarter valued at approximately $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.