NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sees Large Volume Increase – Still a Buy?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) saw strong trading volume on Friday . 1,977,198 shares traded hands during trading, a decline of 16% from the previous session’s volume of 2,365,755 shares.The stock last traded at $54.57 and had previously closed at $54.55.

NEOS Nasdaq 100 High Income ETF Price Performance

The company has a market capitalization of $5.85 billion, a PE ratio of 32.88 and a beta of 0.88. The stock’s 50 day simple moving average is $54.49 and its 200-day simple moving average is $53.50.

NEOS Nasdaq 100 High Income ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be paid a dividend of $0.6413 per share. The ex-dividend date of this dividend is Wednesday, December 24th.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

Several institutional investors have recently modified their holdings of QQQI. City State Bank raised its position in NEOS Nasdaq 100 High Income ETF by 100.0% in the 2nd quarter. City State Bank now owns 2,000 shares of the company’s stock valued at $104,000 after purchasing an additional 1,000 shares in the last quarter. FSA Advisors Inc. grew its position in shares of NEOS Nasdaq 100 High Income ETF by 159.6% during the second quarter. FSA Advisors Inc. now owns 23,193 shares of the company’s stock worth $1,206,000 after buying an additional 14,258 shares in the last quarter. Capital & Planning LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the second quarter worth approximately $246,000. ELCO Management Co. LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF during the second quarter worth approximately $255,000. Finally, Private Trust Co. NA raised its holdings in NEOS Nasdaq 100 High Income ETF by 11.5% in the second quarter. Private Trust Co. NA now owns 3,874 shares of the company’s stock valued at $201,000 after acquiring an additional 400 shares in the last quarter.

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.