NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Stock Short Interest Rises 341.5%

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 5,156,701 shares, a growth of 341.5% from the September 30th total of 1,168,055 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 4,467,791 shares, the days-to-cover ratio is currently 1.2 days.

NEOS Nasdaq 100 High Income ETF Stock Performance

QQQI stock traded down $0.85 on Thursday, hitting $53.27. 2,578,169 shares of the company’s stock were exchanged, compared to its average volume of 5,642,597. The firm has a 50 day moving average price of $54.73 and a two-hundred day moving average price of $54.18. NEOS Nasdaq 100 High Income ETF has a 12-month low of $47.87 and a 12-month high of $57.84. The stock has a market cap of $15.24 billion, a P/E ratio of 32.88 and a beta of 0.94.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 23rd. Shareholders of record on Wednesday, October 21st were issued a $0.6343 dividend. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.6339. This represents a $7.61 annualized dividend and a yield of 14.3%. The ex-dividend date of this dividend was Wednesday, October 21st.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of large investors have recently modified their holdings of QQQI. SBI Securities Co. Ltd. raised its position in shares of NEOS Nasdaq 100 High Income ETF by 12.1% in the 3rd quarter. SBI Securities Co. Ltd. now owns 151,349 shares of the company’s stock valued at $8,407,000 after purchasing an additional 16,336 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of NEOS Nasdaq 100 High Income ETF in the first quarter worth $3,727,000. NFSG Corp raised its holdings in shares of NEOS Nasdaq 100 High Income ETF by 4.2% in the third quarter. NFSG Corp now owns 71,420 shares of the company’s stock worth $3,967,000 after buying an additional 2,863 shares during the last quarter. FSA Advisors Inc. lifted its stake in shares of NEOS Nasdaq 100 High Income ETF by 9.6% during the first quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock worth $3,017,000 after buying an additional 5,306 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of NEOS Nasdaq 100 High Income ETF by 35.7% during the third quarter. CoreCap Advisors LLC now owns 38,877 shares of the company’s stock worth $2,160,000 after buying an additional 10,234 shares during the period.

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.