NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Significant Growth in Short Interest

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 462,200 shares, an increase of 85.8% from the May 15th total of 248,700 shares. Based on an average daily trading volume, of 1,017,700 shares, the short-interest ratio is presently 0.5 days. Currently, 1.7% of the company’s shares are sold short.

NEOS Nasdaq 100 High Income ETF Price Performance

Shares of NEOS Nasdaq 100 High Income ETF stock traded up $0.51 during trading on Monday, hitting $51.47. 1,763,850 shares of the company were exchanged, compared to its average volume of 825,711. The firm has a market capitalization of $2.18 billion, a P/E ratio of 31.51 and a beta of 1.09. The firm’s fifty day moving average price is $48.70 and its 200 day moving average price is $50.65. NEOS Nasdaq 100 High Income ETF has a 1-year low of $41.17 and a 1-year high of $54.47.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 23rd. Investors of record on Wednesday, May 21st were given a $0.6374 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $7.65 dividend on an annualized basis and a dividend yield of 14.86%. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.53.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA bought a new position in shares of NEOS Nasdaq 100 High Income ETF during the 4th quarter valued at about $105,000. Creative Financial Designs Inc. ADV raised its holdings in NEOS Nasdaq 100 High Income ETF by 26.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,767 shares of the company’s stock worth $250,000 after buying an additional 993 shares during the period. Ameriprise Financial Inc. lifted its stake in NEOS Nasdaq 100 High Income ETF by 24.8% in the fourth quarter. Ameriprise Financial Inc. now owns 33,604 shares of the company’s stock valued at $1,760,000 after buying an additional 6,683 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in NEOS Nasdaq 100 High Income ETF by 220.9% in the first quarter. AdvisorNet Financial Inc now owns 1,810 shares of the company’s stock valued at $86,000 after buying an additional 1,246 shares in the last quarter. Finally, City State Bank acquired a new stake in shares of NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at about $47,000.

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.