Short Interest in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Decreases By 21.1%

Posted by Matthew Steigler on Sep 17th, 2024

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 28,800 shares, a decline of 21.1% from the August 15th total of 36,500 shares. Based on an average trading volume of 205,400 shares, the short-interest ratio is currently 0.1 days.

NEOS Nasdaq 100 High Income ETF Price Performance

QQQI traded up $0.09 during trading on Tuesday, hitting $50.62. The company’s stock had a trading volume of 26,366 shares, compared to its average volume of 143,065. NEOS Nasdaq 100 High Income ETF has a twelve month low of $45.65 and a twelve month high of $53.70. The stock has a market cap of $388.26 million, a PE ratio of 30.79 and a beta of 1.09. The firm’s 50 day moving average price is $50.30 and its 200-day moving average price is $50.62.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 21st were given a dividend of $0.6443 per share. The ex-dividend date was Wednesday, August 21st. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.62. This represents a $7.73 annualized dividend and a yield of 15.27%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

A hedge fund recently bought a new stake in NEOS Nasdaq 100 High Income ETF stock. AlphaMark Advisors LLC purchased a new stake in NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,260 shares of the company’s stock, valued at approximately $65,000.

NEOS Nasdaq 100 High Income ETF Company Profile

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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.