NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Volume Increase – What’s Next?

Shares of NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw unusually-high trading volume on Monday . Approximately 2,431,253 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 2,292,544 shares.The stock last traded at $54.39 and had previously closed at $54.19.

NEOS Nasdaq 100 High Income ETF Stock Down 0.2%

The stock has a market capitalization of $5.79 billion, a PE ratio of 32.88 and a beta of 0.88. The stock’s 50 day moving average price is $54.50 and its 200-day moving average price is $53.31.

NEOS Nasdaq 100 High Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Wednesday, November 26th were issued a dividend of $0.6304 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 14.0%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Institutional investors have recently made changes to their positions in the business. Private Trust Co. NA lifted its holdings in NEOS Nasdaq 100 High Income ETF by 11.5% in the 2nd quarter. Private Trust Co. NA now owns 3,874 shares of the company’s stock worth $201,000 after purchasing an additional 400 shares in the last quarter. ELCO Management Co. LLC increased its stake in NEOS Nasdaq 100 High Income ETF by 8.2% in the 3rd quarter. ELCO Management Co. LLC now owns 5,300 shares of the company’s stock worth $287,000 after acquiring an additional 400 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in NEOS Nasdaq 100 High Income ETF by 806.0% in the third 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 last quarter. Bogart Wealth LLC raised its position in shares of NEOS Nasdaq 100 High Income ETF by 2,295.2% during the 3rd quarter. Bogart Wealth LLC now owns 503 shares of the company’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 10.9% in the 3rd quarter. AdvisorNet Financial Inc now owns 9,163 shares of the company’s stock worth $497,000 after purchasing an additional 897 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.